Wawel with PLN 47.8 mln net profit in Q3

WSE-listed confectioner Wawel had a PLN 47.8 million Q3 net profit, way above the PLN 20.2 million market consensus. The profit was boosted by PLN 27.19 million from deferred income tax assets related to activity on a special economic zone, according to the company’s financial report. In the corresponding period last year, Wawel had PLN 22.11 million net profit. Revenues were down to PLN 146.04 million, from PLN 151.13 million the year before. EBIT inched down by 0.8 percent to PLN 25.2 million. In Q/Q terms the result was up by 404 percent.