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Robyg Q2 profit climbs YOY

Robyg SA said its normalized net income for the second quarter came to 12.6 million zlotys, an increase from 854,750 zlotys in the prior-year period.

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

The normalized profit margin rose to 16.8% from 1.3% in the year-earlier period.

Total revenue climbed 15.4% on an annual basis to 74.9 million zlotys from 64.9 million zlotys, and total operating expenses grew 14.3% year over year to 73.8 million zlotys from 64.6 million zlotys.

Reported net income increased from the prior-year period to 22.1 million zlotys, or 8 groszy per share, from 1.2 million zlotys, or 0 groszy per share.

As of Aug. 24, US$1 was equivalent to 3.83 zlotys.