Atlanta Poland SA said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 37 groszy per share, a decrease of 47.9% from 71 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 2.3 million zlotys, a decline of 47.9% from 4.4 million zlotys in the year-earlier period.

The normalized profit margin fell to 2.6% from 5.2% in the year-earlier period.

Total revenue grew year over year to 86.9 million zlotys from 84.1 million zlotys, and total operating expenses rose 8.5% from the prior-year period to 83.3 million zlotys from 76.8 million zlotys.

Reported net income fell 42.0% from the prior-year period to 3.0 million zlotys, or 50 groszy per share, from 5.3 million zlotys, or 86 groszy per share.

As of Feb. 29, US$1 was equivalent to 4.00 zlotys.