OT Logistics with over 300% higher net profits in Q1

OT Logistics, Poland's largest inland shipping operator recorded a 306 percent increase in net profits year-on-year, totaling PLN 6.1 million in the first quarter of the year, a press release informed. The firm's revenue increased by 1.3 percent y/y, amounted to PLN 186 million. EBITDA rose by 70 percent, totaling PLN 17.6 million. The firm's net profits in 2014 stood at PLN 29.7 million. WSE-listed OT Logistics provides services in Poland and in CEE. It controls 80 percent of the Polish market.