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Bio Planet Q2 profit climbs YOY

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Bio Planet Q2 profit climbs YOY

Bio Planet SA said its second-quarter normalized net income came to 24 groszy per share, a gain of 56.1% from 15 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 662,810 zlotys, an increase from 302,210 zlotys in the year-earlier period.

The normalized profit margin climbed to 3.3% from 1.9% in the year-earlier period.

Total revenue increased 30.3% year over year to 20.2 million zlotys from 15.5 million zlotys, and total operating expenses increased 27.3% on an annual basis to 19.1 million zlotys from 15.0 million zlotys.

Reported net income grew from the prior-year period to 841,020 zlotys, or 30 groszy per share, from 399,010 zlotys, or 20 groszy per share.

As of Aug. 7, US$1 was equivalent to 3.83 zlotys.