Emperia Q1 profit down. Hopes to find investor in Q3

WSE-listed retailer Emperia posted a PLN 6.42 million attributable net profit in Q1, 15.4 percent down y/y. Operating profit were down by 20.3 percent to PLN 7.41 million, while revenue amounted to PLN 600.35 million, a 2.3 percent y/y growth. The company plans to find an investor in Q3, Emperia CEO Dariusz Kalinowski said. “In the coming days we will launch talks with investors. We expect that in Q3 we will be able to tell something more about the investor and by the end of the year the transaction could take place,” he explained. Emperia, owns the Stokrotka discount chain, which operates some 300 stores across Poland.