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Cyfrowe Centrum Serwisowe Q2 profit falls YOY

Cyfrowe Centrum Serwisowe SpA said its second-quarter normalized net income amounted to 1 groszy per share, a decrease of 41.2% from 2 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 187,260 zlotys, a decline of 41.2% from 318,320 zlotys in the year-earlier period.

The normalized profit margin dropped to 0.6% from 0.7% in the year-earlier period.

Total revenue declined 28.1% on an annual basis to 33.2 million zlotys from 46.2 million zlotys, and total operating expenses declined 28.2% on an annual basis to 32.5 million zlotys from 45.3 million zlotys.

Reported net income decreased 47.2% year over year to 203,800 zlotys, or 1 groszy per share, from 386,130 zlotys, or 2 groszy per share.

As of Aug. 16, US$1 was equivalent to 3.80 zlotys.