Asseco with PLN 288 mln Q3 net profit

WSE-listed IT group Asseco had PLN 288.6 million net profit in Q3, up from PLN 82.1 million last year, but slightly below the PLN 295.3 million market consensus. Revenues amounted to PLN 1.24 billion, down by 34.7 percent y/y, while EBITDA amounted to PLN 172.7 million, down by 38.5 percent y/y. The Q3 results were skewed by PLN 101.3 million in impairments on its foreign subsidies, and PLN 324.3 million gain from selling a stake in its Israeli unit. At end-November, the company had PLN 7.6 billion order portfolio.