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TOYA SpA Q2 profit falls YOY

TOYA SpA said its normalized net income for the second quarter was 7 groszy per share, a decline from 8 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 5.6 million zlotys, a decline from 5.7 million zlotys in the prior-year period.

The normalized profit margin dropped to 8.2% from 8.5% in the year-earlier period.

Total revenue increased year over year to 68.6 million zlotys from 67.1 million zlotys, and total operating expenses increased from the prior-year period to 59.5 million zlotys from 57.6 million zlotys.

Reported net income decreased 7.0% on an annual basis to 7.0 million zlotys, or 9 groszy per share, from 7.6 million zlotys, or 10 groszy per share.

As of Aug. 19, US$1 was equivalent to 3.78 zlotys.