AmRest with 27.2% y/y revenue growth in Q2 - prelim. results

WSE-listed restaurant operator AmRest enjoyed a Q2, 27.2 percent y/y revenue increase to PLN 1.24 billion, the company said in a market filing of preliminary data. For the CEE region, sales were up by 15 percent y/y to PLN 617 million. Russian operations amounted to PLN 150 million revenue, up by 29.1 percent, while the Western Europe division revenue grew by 53.7 percent to PLN 390 million. Chinese market brought in PLN 73 million in revenue, up by 22.9 percent y/y. Q2 2017 sales were boosted by taking over KFC outlets in Germany and Pizza Hut restaurants in France, the company said, adding, that without it, the revenues would grow by 23.5 percent. Counting off those effects, revenues were higher by 23.5%