Sphinx records PLN 4.67 million profit in Dec. 2015- Nov. 2016 

Restaurant chain Sphinx Poland has posted a consolidated net profit of PLN 4.67 million in the period December 2015 - November 2016 compared to PLN 7.38 million for the previous year, the company said. "In light of changes in the economic environment, the company's most important challenge is to adapt to the current market situation, to effectively compensate for the impact of cost pressures on the results of Sphinx," said CEO Sylwester Cacek, as quoted in the release. Sphinx systematically opens new premises. From December 2015 to November 2016 the company launched 19 restaurants, of which 12 were new investments, while seven were newly renovated premises. The company also announced an intention to publish a new development strategy in the first quarter of 2017. Sphinx Poland is the largest restaurant company in Poland in the casual dining sector. The company manages Sphinx, WOOK and Peasant Food outlets. Sphinx Poland has been listed on the Warsaw Stock Exchange since 2006.