Work Service with PLN 1 mln Q3 profit

WSE-listed HR consultancy Work Service had a PLN 0.96 million net profit in Q3, compared to PLN 10.83 million profit last year. The result was affected by several one-offs, including the sale of its Proservice subsidiary. EBIT amounted to PLN 14.41 million against PLN 17.37 million year earlier. Consolidated revenues from continued operations amounted to PLN 619.72 million compared to PLN 556.19 million last year. The company added that it’s lowering its EBIT estimates for this year to PLN 68 million, from the previous PLN 85.35 million planned, giving canceling its subsidiary Exact Systems IPO which was planned for H1 2017.