Hoga.pl enjoys Q3 surge and breaks into profit

After the first three quarters Hoga's revenues amounted to nearly zł.10 million and its net loss is zł.450,000. But Q3 was a breakthrough in some aspects, as this was when the company's net profit was eventually positive. Jan Guja, Hoga.pl's president, said that the situation will further improve in the last quarter of the year. "We have plenty of orders. The demand for our products has considerably increased and so our income from this source in the last months of the year will be much higher," said Guja. He also upheld the revenues projection for this year, which amounts to zł.14.2 million. (Parkiet, p. 4) A.F.