Emperia with PLN 35.7 mln 2017 net profit

WSE-listed retailer Emperia posted a PLN 10.13 million attributable net profit in Q4, 35.4 percent down y/y. Operating profit was down by 45.4 percent to PLN 10.7 million, while revenues amounted to PLN 699.3 million, an 11.5 percent y/y growth. For 2017, Emperia had PLN 35.75 million net profit compared with PLN 50.55 million net profit in 2016, with revenues growing to PLN 2.57 billion, from PLN 2.38 billion two years ago. Emperia owns the Stokrotka discount chain, which operates 437 stores across Poland. In 2017, the chain opened 77 new locations, and plan to open another 120 in 2018. The company also doesn’t expect the Sunday trade ban to affect the company’s financial results.