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Vakomtek swings to loss in Q2

4915361 said its second-quarter normalized net income came to a loss of 24,150 zlotys, compared with income of 242,180 zlotys in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 0.2% from 2.7% in the year-earlier period.

Total revenue climbed 16.2% on an annual basis to 10.6 million zlotys from 9.1 million zlotys, and total operating expenses climbed 20.4% year over year to 10.5 million zlotys from 8.7 million zlotys.

eported net income totaled a loss of 38,120 zloty Vakomtek SA.