T-Bull profit on the rise. Move to main WSE market accepted

WSE-listed mobile game producer T-Bull had PLN 4.83 million net profit last year, up from PLN 1.4 million in 2015, the company said in a market filing. Operating profit stood at PLN 6.17 million vs. PLN 1.9 million in 2015. EBITDA stood at PLN 9.1 million compared to PLN 4.1 million the year before. Revenue from sales amounted to PLN 13.6 million vs. PLN 6.82 million in 2015. The company’s shareholders also approved the plan to move T-Bull’s stock from the small cap, alternative NewConnect market to the main one. The move is planned for this year and the company plans to raise PLN 20 million from the planned IPO.