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Asseco Poland Q2 net profit at $16 mln, below forecasts

Published 2015-08-28, 12:35 a/m
© Reuters.  Asseco Poland Q2 net profit at $16 mln, below forecasts

WARSAW, Aug 28 (Reuters) - Asseco Poland ACPP.WA , Eastern
Europe's No.1 software maker, reported a bigger-than-expected 30
percent fall in second-quarter net profit on higher costs, and
as growth at its Israeli unit Formula Systems FORTY.TA did not
outpace lower revenue in Poland.
Asseco said late on Thursday that its net profit stood at
60.4 million zlotys ($16.05 million) on a 14 percent growth in
sales to 1.71 billion zlotys.
Analysts polled by Reuters expected Asseco to show a bottom
line of 74 million zlotys on sales of 1.63 billion.
($1 = 3.7643 zlotys)

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