Dywilan SpA said its second-quarter normalized net income came to 109,650 zlotys, compared with a loss of 108,170 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 4.6% from negative 4.4% in the year-earlier period.

Total revenue decreased on an annual basis to 2.4 million zlotys from 2.5 million zlotys, and total operating expenses declined year over year to 2.5 million zlotys from 2.6 million zlotys.

Reported net income totaled a loss of 175,450 zlotys, compared with a loss of 173,080 zlotys in the year-earlier period.

As of Aug. 12, US$1 was equivalent to 3.82 zlotys.