trending Market Intelligence /marketintelligence/en/news-insights/trending/ntcp9PH_wc_CyJOQ270CcQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Solar Co. swings to profit in Q2


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining

Solar Co. swings to profit in Q2

Solar Co. SA said its normalized net income for the second quarter was 2 groszy per share, compared with a loss of 1 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 733,750 zlotys, compared with a loss of 312,500 zlotys in the year-earlier period.

The normalized profit margin climbed to 2.0% from negative 0.9% in the year-earlier period.

Total revenue rose 9.6% on an annual basis to 37.2 million zlotys from 33.9 million zlotys, and total operating expenses grew from the prior-year period to 36.0 million zlotys from 34.4 million zlotys.

Reported net income totaled 900,000 zlotys, or 3 groszy per share, compared to a loss of 300,000 zlotys, or a loss of 2 groszy per share, in the year-earlier period.

As of Aug. 31, US$1 was equivalent to 3.91 zlotys.