Wirtualna Polska with smaller loss in Q1

Web portal Wirtualna Polska (WP) recorded 0.71 million net loss in the first quarter of the year, compared with a loss of PLN 5.54 million in a corresponding period a year ago. Operational profits stood at PLN 10.7 million, whereas the firm reported a loss of PLN 2.33 million in Q1 2014. Consolidated sales revenue totaled PLN 67.5 million, compared with PLN 52.9 million a year ago. The group debuted on the Warsaw Stock Exchange on May 7. The opening market price stood at PLN 35 per share, by 10.16 percent more that the price reached in the initial public offering (IPO), it remained at the same level at the closing time.