INC Group posts PLN 11.2 mln of net profit in H1 2020
16:00
Company specializing in financing innovative entities,the INC Group, achieved PLN 11.2 million of consolidated net profit in the first half of 2020. In the second quarter alone, the net profit amounted to PLN 5.9 million and was by 11.6 percent better than a quarter earlier. This is the second best quarter in the company's history. The EBITDA result amounted to PLN 8.2 million, and at the end of the quarter the Group had over PLN 8.0 million of cash. The INC Group implemented the development strategy adopted in March, focused on the implementation of capital and consulting projects for companies from the so-called new economy. Since the beginning of the year, INC has introduced four companies to NewConnect, and by the end of the year their number is to increase to about ten.
“First half of the year, and in particular the second quarter of this year. is a boom period on the NewConnect market. We are witnessing an influx of new investors, high turnover and, consequently, also increased interest in acquiring capital on the stock exchange by new companies. Thanks to the effectively implemented strategy and diversified activity, the INC Group is a beneficiary of this, which can be seen in the number of customers and the financial results themselves,” Paweł Śliwiński, president of INC, commented.
In the first half of the year, the brokerage house of INC acquired PLN 25.7 million for its clients, this is largely due to the second quarter, in which the company worked on offers of amount of PLN 20.4 million.
(WBJ)
