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Robinson Europe fiscal Q2 profit falls YOY

Robinson Europe SpA said its normalized net income for the fiscal second quarter ended April 30 came to 25 groszy per share, a decrease of 26.0% from 34 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 467,250 zlotys, a decline of 11.5% from 528,030 zlotys in the year-earlier period.

The normalized profit margin increased to 8.2% from 6.5% in the year-earlier period.

Total revenue fell 18.0% on an annual basis to 6.7 million zlotys from 8.2 million zlotys, and total operating expenses fell 20.2% year over year to 5.7 million zlotys from 7.2 million zlotys.

Reported net income rose 5.1% year over year to 749,640 zlotys, or 40 groszy per share, from 712,940 zlotys, or 46 groszy per share.

As of June 14, US$1 was equivalent to 3.95 zlotys.