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Helio fiscal Q2 profit climbs 17.0% YOY

Helio SA said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to 45 groszy per share, a gain of 17.0% from 39 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 2.3 million zlotys, a gain of 17.0% from 1.9 million zlotys in the year-earlier period.

The normalized profit margin fell to 4.3% from 4.7% in the year-earlier period.

Total revenue rose 27.6% on an annual basis to 52.2 million zlotys from 40.9 million zlotys, and total operating expenses rose 27.9% from the prior-year period to 48.1 million zlotys from 37.6 million zlotys.

Reported net income increased 17.9% on an annual basis to 3.0 million zlotys, or 61 groszy per share, from 2.6 million zlotys, or 52 groszy per share.

As of Feb. 29, US$1 was equivalent to 4.00 zlotys.