Vistula profits up

One of Poland’s leading men’s apparel companies reported on Thursday that its Q3 consolidated net profits had increased to PLN 4.1 million. During the quarter, sales revenues reached PLN 136.65 million, an increase of 13 percent y/y. Revenues for the first nine months of 2016, meanwhile, were 18 percent higher than those during the same period in 2015. In addition to specializing in the manufacture and sale of men’s clothing, Vistula Group makes jewellery for men and women. According to the company’s website, it has had five consecutive years of sales increases. Shares in the company were trading on the Warsaw Stock Exchange for PLN 3.44 on Thursday morning. They have increased by 2.4 percent during the past 4 weeks.