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Robinson Europe fiscal Q2 profit climbs 82.0% YOY

Robinson Europe SpA said its normalized net income for the fiscal second quarter ended April 30 was 34 groszy per share, an increase of 82.2% from 19 groszy per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 528,190 zlotys, a gain of 82.0% from 290,280 zlotys in the year-earlier period.

The normalized profit margin climbed to 6.5% from 5.8% in the year-earlier period.

Total revenue increased 62.0% year over year to 8.2 million zlotys from 5.0 million zlotys, and total operating expenses grew 60.8% from the prior-year period to 7.2 million zlotys from 4.5 million zlotys.

Reported net income increased 53.5% on an annual basis to 712,940 zlotys, or 46 groszy per share, from 464,450 zlotys, or 30 groszy per share.

As of June 15, US$1 was equivalent to 3.69 zlotys.