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Turism Felix Q2 profit climbs 58.6% YOY


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Turism Felix Q2 profit climbs 58.6% YOY

S.C. Turism Felix SA said its second-quarter normalized net income came to 169,090 lei, an increase of 58.6% from 106,640 lei in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 1.3% from 0.8% in the year-earlier period.

Total revenue rose 5.8% year over year to 13.3 million lei from 12.6 million lei, and total operating expenses climbed 5.4% year over year to 13.0 million lei from 12.3 million lei.

Reported net income increased 58.6% year over year to 270,550 lei, or 0 bani per share, from 170,620 lei, or 0 bani per share.

As of Aug. 12, US$1 was equivalent to 3.99 Romanian lei.