APS Energia shows prelim. H1 net profit of PLN 1.9 mln

Energy systems producer APS Energia H1 net result swung to profit of PLN 1.9 million in comparison to PLN -3.1 million a year ago, the company said in a preliminary statement. In the same period, revenue grew to PLN 53.9 million from PLN 46.5 million year-on-year. H1 EBITDA came in at PLN 6.4 million (compared to PLN 0.9 million in H1 last year). The company added that "the high dynamics of sales on the Russian market and the increase of margins on the Polish and Russian markets are responsible for the increase in revenue."