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Eskimos SA Q2 profit falls YOY

Eskimos SA said its normalized net income for the second quarter was 33,750 zlotys, a decline of 49.5% from 66,880 zlotys in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 0.3% from 0.5% in the year-earlier period.

Total revenue declined year over year to 11.8 million zlotys from 12.2 million zlotys, and total operating expenses fell year over year to 11.5 million zlotys from 12.0 million zlotys.

Reported net income decreased 35.6% from the prior-year period to 58,000 zlotys, or 0 groszy per share, from 90,000 zlotys, or 0 groszy per share.

As of Aug. 16, US$1 was equivalent to 3.80 zlotys.