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SC Boromir Prod Q2 profit climbs YOY

S.C. Boromir Prod SA said its second-quarter normalized net income amounted to 250,620 lei, a rise from 70,370 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 increased to 1.4% from 0.5% in the year-earlier period.

Total revenue increased 15.7% on an annual basis to 17.4 million lei from 15.1 million lei, and total operating expenses climbed 14.2% from the prior-year period to 17.0 million lei from 14.9 million lei.

Reported net income grew year over year to 398,670 lei, or 0 bani per share, from 125,230 lei, or 0 bani per share.

As of Aug. 16, US$1 was equivalent to 3.96 Romanian lei.