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Aroma AD Q2 profit climbs 20.1% YOY

Aroma AD said its normalized net income for the second quarter was 2 stotinki per share, an increase of 20.2% from 2 stotinki per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 313,130 leva, an increase of 20.1% from 260,630 leva in the year-earlier period.

The normalized profit margin rose to 4.3% from 3.6% in the year-earlier period.

Total revenue came to 7.2 million leva, compared with 7.2 million leva in the prior-year period, and total operating expenses came to 6.7 million leva, compared with 6.7 million leva in the year-earlier period.

Reported net income declined 35.1% year over year to 501,000 leva, or 3 stotinki per share, from 772,000 leva, or 5 stotinki per share.

As of Aug. 31, US$1 was equivalent to 1.76 leva.