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Agrokasa Holdings Q2 profit climbs YOY

Agrokasa Holdings SA said its second-quarter normalized net income amounted to $4.2 million, an increase from $240,130 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 7.9% from 1.7% in the year-earlier period.

Total revenue climbed 27.4% year over year to $18.2 million from $14.3 million, and total operating expenses grew year over year to $11.8 million from $11.3 million.

Reported net income grew year over year to $6.2 million, or 9 cents per share, from $196,000, or 0 cents per share.