Comarch with Q3 loss

WSE-listed IT group Comarch had a PLN 3.6 million consolidated net loss in Q3, down by 142.9 percent y/y. EBIT pummeled by 31.8 percent to PLN 7.2 million. Revenues were up by 16.3 percent to PLN 260.5 million. The figures suffered by the result on financial operations which posted a PLN 4.7 million loss vs. a PLN 9.3 million profit last year. While the company doesn’t foresee a revival on the tender market it has a significant growth on the public orders market, mostly due to winning the recent ZUS contract for PLN 242 million and PLN 138 million deal for court system software.