PVA TePla AG (TPE.DE) Wednesday reported pre-tax profit of 3.63 million euros for the second quarter, significantly lower than 10.4 million euros in the same quarter a year ago, impacted by lower revenue as well as higher operating expenses.
Operating result declined to 4.18 million euros from 11.17 million euros in the prior year.
Net result was 2.69 million euros or 0.13 euros per share, down from 7.51 million euros or 0.35 euros per share last year.
Revenue for the quarter dropped to 60.79 million euros from 73.88 million euros in the previous year.
For the full year, the company currently expects revenue and EBITDA to be at the lower end of the outlook ranges of 260 million euros - 280 million euros and 34 million euros - 39 million euros respectively.
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