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Sfinks Polska fiscal Q2 profit climbs 53.1% YOY

Sfinks Polska S.A. said its normalized net income for the fiscal second quarter ended May 31 amounted to 5 groszy per share, a gain of 33.1% from 4 groszy per share in the second quarter ended June 30, 2015.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.6 million zlotys, an increase of 53.1% from 1.1 million zlotys in the second quarter ended June 30, 2015.

The normalized profit margin rose to 3.6% from 2.5% in the year-earlier period.

Total revenue grew 5.9% on an annual basis to 45.0 million zlotys from 42.5 million zlotys, and total operating expenses increased year over year to 41.1 million zlotys from 40.2 million zlotys.

Reported net income increased 15.1% year over year to 1.9 million zlotys, or 6 groszy per share, from 1.7 million zlotys, or 6 groszy per share.

As of Aug. 1, US$1 was equivalent to 3.90 zlotys.