Mercor Q1 net profit up at PLN 5.1 mln

Producer of fire protection systems Mercor recorded Q1 consolidated net profit of PLN 5.1 million compared to PLN 2.9 million a year ago. Operating profit almost doubled to PLN 7 million from PLN 3.7 million y/y. EBITDA stood at PLN 9.3 million. The results were positively impacted by one-off factors, such as sales of products with higher margins, especially in Hungarian and Russian units, the company said. In Q1 Mercor orders amounted to PLN 98.4 million, registering an increase of 22 percent y/y.