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Verte swings to profit in Q2

4984233 said its normalized net income for the second quarter came to 2 groszy per share, compared with a loss of 3 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 320,810 zlotys, compared with a loss of 477,370 zlotys in the year-earlier period.

The normalized profit margin increased to 4.1% from negative 11.9% in the year-earlier period.

Total revenue climbed 52.9% year over year to 6.1 million zlotys from 4.0 million zlotys, and total operating expenses rose 20.0% year over year to 5.5 million zlotys from 4.6 million zlotys.

eported net income totaled 464,150 zlotys, or 3 Verte SA