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Helio fiscal Q2 profit falls YOY

Helio SA said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 39 groszy per share, a decrease of 37.9% from 62 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 1.9 million zlotys, a decrease of 37.9% from 3.1 million zlotys in the prior-year period.

The normalized profit margin dropped to 4.7% from 6.0% in the year-earlier period.

Total revenue declined 21.4% year over year to 40.9 million zlotys from 52.0 million zlotys, and total operating expenses declined 19.6% on an annual basis to 37.6 million zlotys from 46.8 million zlotys.

Reported net income fell 36.7% year over year to 2.6 million zlotys, or 52 groszy per share, from 4.1 million zlotys, or 81 groszy per share.

As of March 2, US$1 was equivalent to 3.71 zlotys.