SGL Carbon SE (SGLFF), a manufacturer of carbon-based products, Thursday reported profit before income taxes of 21.1 million euros for the second quarter, compared with loss of 21.7 million euros in the same quarter a year ago, primarily due to impairment loss of 44.7 million euros in the previous year.
Operating profit was 29.3 million euros compared with operating loss of 13.7 million euros last year.
Net profit was 16.8 million euros or 0.14 euros per share compared with net loss of 25.2 million euros or 0.20 euros per share a year ago.
Sales revenue declined to 265.4 million euros from 276.8 million euros in the previous year.
Looking ahead, the company continues to expect full-year sales revenue to be at the prior-year level of 1.089 billion.
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