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AmRest Holdings Q2 profit climbs 30.6% YOY

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AmRest Holdings Q2 profit climbs 30.6% YOY

AmRest Holdings SE said its normalized net income for the second quarter amounted to 1.54 zlotys per share, a gain of 30.6% from 1.18 zlotys per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 32.6 million zlotys, a gain of 30.6% from 25.0 million zlotys in the prior-year period.

The normalized profit margin rose to 3.3% from 3.1% in the year-earlier period.

Total revenue rose 20.7% on an annual basis to 977.1 million zlotys from 809.3 million zlotys, and total operating expenses increased 20.2% on an annual basis to 914.1 million zlotys from 760.3 million zlotys.

Reported net income grew 37.9% on an annual basis to 36.6 million zlotys, or 1.73 zlotys per share, from 26.6 million zlotys, or 1.25 zlotys per share.

As of Aug. 11, US$1 was equivalent to 3.81 zlotys.