Eurocash's profits fall, revenue up in H1

In the first half of the year, wholesale FMCG distributor Eurocash recorded a decline in its net profits, however it improved its sales revenue, a press release read. Consolidated net profits stood at PLN 45.2 million, compared with PLN 50.7 million (a decline of 4.2 percent) in the corresponding period last year. The distributor's sale revenue amounted to PLN 9.78 billion, whereas it totaled PLN 8 billion (a growth of 22.2 percent), in the first half of last year. Acquisitions and the organic growth were among the main factors impacting the increase in the company's sales revenue, Eurocash pointed out.