DGA falls on bad news

Shares in consultancy group DGA plunged by 8.4% on the WSE last Thursday after the company reported a Q1 loss in both net and operating profit.

Andrzej Głowacki, CEO and main shareholder, blamed the results on delays in the unlocking of EU funds under the 2007-2013 budget round and on higher-than-expected costs from big projects.

He said DGA would now move to optimize costs and focus on smaller projects.