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Wojas Q2 profit falls YOY

4912151 said its normalized net income for the second quarter was 6 groszy per share, a decrease of 62.0% from 17 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 821,880 zlotys, a decrease of 62.0% from 2.2 million zlotys in the year-earlier period.

The normalized profit margin declined to 1.3% from 3.7% in the year-earlier period.

Total revenue increased 5.3% year over year to 61.6 million zlotys from 58.5 million zlotys, and total operating expenses climbed from the prior-year period to 58.0 million zlotys from 55.4 million zlotys.

eported net income decreased 81.9% year over Wojas S.A..