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Current Position:Home » News » Marketing & Retail » Retail » Topic

Q2 net profit at Poland's Eurocash falls 19 pct y/y

Zoom in font  Zoom out font Published: 2014-08-27  Origin: Reuters  Views: 81
Core Tip: Second-quarter net profit at Poland's largest food wholesale chain Eurocash fell an annual 19 percent to 49.3 million zlotys ($15.6 million), the company said on Tuesday.
Second-quarter net profit at Poland's largest food wholesale chain Eurocash fell an annual 19 percent to 49.3 million zlotys ($15.6 million), the company said on Tuesday.

The result came in below analysts' expectations, who expected a 5 percent fall in the bottom line.

The company's second-quarter revenue rose 2 percent year-on-year, but higher costs of sales and overhead depressed the net profit.

Eurocash's performance has been affected by the cancellation of a major supply contract with Emperia, the owner of a large supermarket chain.

 
 
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