Bytom Q3 profit down

WSE-listed fashion retailer had a PLN 1.95 million net profit in Q3, down by 54.7 percent y/y. Operating profit stood at PLN 2.48 million, down by 6.2 percent y/y. Revenues amounted to PLN 42.33 million, up by 17.9 percent y/y. In Q1-Q3, the company had PLN 6.21 million consolidated net profit compared to PLN 9.14 million a year earlier, with sales revenues of PLN 129.87 million up from PLN 106.78 million last year. According to the company, the increase in sales costs results from the development of the retail network under the Bytom brand.