Eurocash profit at PLN 52.5 mln in Q2

FMCG company Eurocash reported an attributable net profit of PLN 52.5 million in Q2 2016, which means 8 percent increase y/y, the company informed in a market filing. The company’s operating profit amounted to PLN 70 million, 7 percent less than in the previous year. Sales revenue grew by 3.1 percent and stood at PLN 5.34 billion, while EBITDA fell by 3 percent and equaled PLN 110 million in Q2 2016. Eurocash Group is a leading wholesale distributor of fast moving consumer goods (FMCG) in Poland.