trending Market Intelligence /marketintelligence/en/news-insights/trending/ebqgHbP8ack5NrnZDcRX3g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Excellence SA Q2 profit falls YOY

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

Fintech Intelligence Newsletter: February 2021

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Excellence SA Q2 profit falls YOY

Excellence SA said its normalized net income for the second quarter amounted to 1 groszy per share, a decline of 35.9% from 2 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 204,190 zlotys, a decline of 35.9% from 318,530 zlotys in the prior-year period.

The normalized profit margin declined to 2.2% from 3.5% in the year-earlier period.

Total revenue totaled 9.1 million zlotys, compared with 9.1 million zlotys in the prior-year period, and total operating expenses increased on an annual basis to 8.7 million zlotys from 8.6 million zlotys.

Reported net income decreased 35.5% on an annual basis to 326,710 zlotys, or 2 groszy per share, from 506,270 zlotys, or 3 groszy per share.

As of Aug. 12, US$1 was equivalent to 3.82 zlotys.