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Kofola CeskoSlovensko Q2 profit climbs 35.6% YOY

Kofola CeskoSlovensko a.s. said its second-quarter normalized net income was 5.11 zlotys per share, a gain of 35.5% from 3.77 zlotys per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 133.6 million zlotys, an increase of 35.6% from 98.6 million zlotys in the prior-year period.

The normalized profit margin climbed to 7.2% from 5.6% in the year-earlier period.

Total revenue rose 17.2% on an annual basis to 2.05 billion zlotys from 1.75 billion zlotys, and total operating expenses rose 13.4% year over year to 1.80 billion zlotys from 1.59 billion zlotys.

Reported net income rose 33.2% on an annual basis to 168.9 million zlotys, or 6.46 zlotys per share, from 126.8 million zlotys, or 4.85 zlotys per share.

As of Aug. 19, US$1 was equivalent to 3.78 zlotys.