Brief: Wojas H1 net result turns to loss of 1.0 mln zlotys

Wojas SA

23/08/2016 06:50

Aug 23 (Reuters) - Wojas SA  WOJ.WA : 
    * Said on Monday that it reported H1 revenue of 106.9 
million zlotys ($28.1 million) versus 100.4 million zlotys a 
year ago 
    * H1 operating profit was 2.1 million zlotys versus 4.4 
million zlotys a year ago 
    * H1 net loss was 1.0 million zlotys versus profit of 2.0 
million zlotys a year ago 
    * The operating costs in H1 up 12.3 pct year on year due to 
increase of euro to Polish zloty exchange rate and thus increase 
of the costs of leasing retail space  
    * After H1 results, expects that positive trends recorded in 
the first half of 2016 will continue and sees increase in FY 
2016 sales and gross margin compared to 2015  
    * Said the last four months of the year influence most its 
financial results, therefore the company's management is 
confident about the planned FY operating results (EBIT) and net 
profit  
    * Said FY 2016 net profit will be affected by the valuation 
of the Japanese yen-denominated loan 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2256122 
     
 Further company coverage:  WOJ.WA   
    
 
 
 
($1 = 3.8003 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))