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Bio Planet Q2 profit falls YOY

Bio Planet SA said its normalized net income for the second quarter amounted to 12 groszy per share, an increase 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 327,060 zlotys, a decline of 50.7% from 662,750 zlotys in the year-earlier period.

The normalized profit margin dropped to 1.2% from 3.3% in the year-earlier period.

Total revenue grew 35.8% year over year to 27.5 million zlotys from 20.2 million zlotys, and total operating expenses increased 39.1% from the prior-year period to 26.6 million zlotys from 19.1 million zlotys.

Reported net income declined 74.7% from the prior-year period to 213,000 zlotys, or 8 groszy per share, from 841,000 zlotys, or 2 groszy per share.

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