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DNP — Dino Polska News Story

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Dino Polska falls as Q2 net profit misses estimates

** Polish supermarket chain Dino Polska DNP.WA shares fall 7.8%, after its second-quarter profit and sales missed market expectations on higher SG&A costs

** The company's Q2 net profit came in at 397.5 million zlotys ($108.11 million), below analysts' forecast of 459 million zlotys

** "Given the worse-than-expected results and relatively good stock price performance, we expect a negative market reaction," says Erste analyst Piotr Bogusz

** Bogusz notes, however, that Dino improved its EBITDA margin year-on-year for the first time since the third quarter of 2021, helped by better gross margins

** Up to the previous session's close, shares were up 27.3%​ YTD

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($1 = 3.6767 zlotys)

 (Reporting by Julia Kotowska)

 ((julia.kotowska@thomsonreuters.com))

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