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Komputronik fiscal Q2 profit climbs YOY

Komputronik SA said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 43 groszy per share, an increase from 5 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 4.1 million zlotys, a gain from 434,500 zlotys in the year-earlier period.

The normalized profit margin climbed to 0.8% from 0.1% in the year-earlier period.

Total revenue climbed 24.9% on an annual basis to 530.8 million zlotys from 424.9 million zlotys, and total operating expenses grew 24.1% year over year to 522.0 million zlotys from 420.5 million zlotys.

Reported net income increased 12.5% from the prior-year period to 5.2 million zlotys, or 54 groszy per share, from 4.7 million zlotys, or 49 groszy per share.

As of Dec. 1, US$1 was equivalent to 3.35 zlotys.