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Atlanta Poland fiscal Q2 profit climbs YOY

Atlanta Poland SA said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 71 groszy per share, a gain from 32 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 4.4 million zlotys, a gain from 2.0 million zlotys in the prior-year period.

The normalized profit margin increased to 5.2% from 2.7% in the year-earlier period.

Total revenue grew 15.5% on an annual basis to 84.1 million zlotys from 72.8 million zlotys, and total operating expenses grew 11.1% from the prior-year period to 76.8 million zlotys from 69.1 million zlotys.

Reported net income rose 84.1% on an annual basis to 5.3 million zlotys, or 86 groszy per share, from 2.9 million zlotys, or 47 groszy per share.

As of March 2, US$1 was equivalent to 3.71 zlotys.