Asseco Poland fares better than expected

IT group Asseco Poland's net profit in Q2 of 2014 was PLN 86.5 million, 9 percent better than market consensus. In the second quarter of 2014 Asseco Poland group had PLN 150.2 million operating profit. EBIT confirmed the consensus, analysts had expected a PLN 150.4 million profit. The company's gross margin fell in Q2 from 25.8 a year before to 23.8 percent. Operational profitability was only 10 percent, with 11.3 percent a year before. Asseco Poland's profits were nearly 4 percent higher than predicted. In Q2 they were PLN 1.499 billion high. The experts expected PLN 1.4439 million income.