Wasko S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
September 15, 2023 at 08:45 pm IST
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Wasko S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PLN 80.53 million compared to PLN 142.87 million a year ago. Net loss was PLN 12.02 million compared to net income of PLN 4.33 million a year ago. Basic loss per share from continuing operations was PLN 0.13 compared to basic earnings per share from continuing operations of PLN 0.05 a year ago.
For the six months, revenue was PLN 193.03 million compared to PLN 238.8 million a year ago. Net loss was PLN 16.03 million compared to net income of PLN 2.97 million a year ago. Basic loss per share from continuing operations was PLN 0.18 compared to basic earnings per share from continuing operations of PLN 0.03 a year ago.
Wasko SA is a Poland-based Information and Communication Technology (ICT) company. It is engaged in the development and manufacture of software, as well as the provision of services within the implementation, maintenance and operation of Information Technology (IT) systems, including IT audits, trainings, software installation and IT system integration. In addition, its operations include the design and installation of IT infrastructure, as well as the construction of data transmission networks, including radio lines and base stations for mobile telephony. It also provides hosting services as well as outsourcing. As of December 31, 2011, Wasko SA had one wholly owned subsidiary: ISA Sp. z o.o. As of June 18, 2012, the Company established a new subsidiary, D2S Sp. z o.o. As of August 21, 2012, the Company completed the acquisition of an 85% stake in COIG SA.