Eurocash profit down in Q2

Poland’s largest FMCG distributor Eurocash recorded a consolidated net profit of PLN 49.3 million in the second quarter of 2014 compared to PLN 61 million a year earlier. Analysts surveyed by the Polish Press Agency had expected the result to be PLN 57.6 million. Eurocash generated a consolidated sales revenue of PLN 4.29 billion, which was 2.14 percent higher than in Q2 2013. Analysts expected a revenue of PLN 4.12 billion. The company’s operating profit stood at PLN 69.6 million in Q2 2014 compare to PLN 77.2 million. Market consensus saw the profit at PLN 84.3 million.