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Atal Q2 profit climbs YOY

Atal SA said its normalized net income for the second quarter amounted to 41 groszy per share, a gain from 17 groszy per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 15.9 million zlotys, a gain from 5.5 million zlotys in the year-earlier period.

The normalized profit margin rose to 11.7% from 9.6% in the year-earlier period.

Total revenue rose year over year to 136.7 million zlotys from 57.1 million zlotys, and total operating expenses rose from the prior-year period to 108.9 million zlotys from 46.4 million zlotys.

Reported net income increased from the prior-year period to 22.1 million zlotys, or 57 groszy per share, from 7.7 million zlotys, or 23 groszy per share.

As of Aug. 29, US$1 was equivalent to 3.89 zlotys.