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Oponeo.pl Q2 profit climbs YOY

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Oponeo.pl Q2 profit climbs YOY

4404474 said its normalized net income for the second quarter was 30 groszy per share, a gain from 11 groszy per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.2 million zlotys, an increase from 1.5 million zlotys in the prior-year period.

The normalized profit margin increased to 3.9% from 1.8% in the year-earlier period.

Total revenue increased 35.9% on an annual basis to 111.3 million zlotys from 81.9 million zlotys, and total operating expenses increased 31.0% on an annual basis to 104.7 million zlotys from 79.9 million zlotys.

Reported net income grew year over year to 6.9 million zlotys, or 49 groszy per share, from 2.1 million zlotys, or 15 groszy per share.

s of Aug. 18, US$1 was equivalent to 3.78 zlotys.Oponeo.pl S.A.

4404474 said its normalized net income for the second quarter was 30 groszy per share, a gain from 11 groszy per share in the prior-year period.