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Wistil Q2 profit climbs YOY

Wistil SpA said its second-quarter normalized net income was 3.68 zlotys per share, a gain from 1.59 zlotys per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.7 million zlotys, a gain from 1.6 million zlotys in the prior-year period.

The normalized profit margin climbed to 5.4% from 2.5% in the year-earlier period.

Total revenue rose 7.5% on an annual basis to 68.4 million zlotys from 63.7 million zlotys, and total operating expenses increased from the prior-year period to 62.2 million zlotys from 60.7 million zlotys.

Reported net income increased year over year to 4.9 million zlotys, or 4.87 zlotys per share, from 2.0 million zlotys, or 1.95 zlotys per share.

As of Aug. 31, US$1 was equivalent to 3.91 zlotys.