POLAND: Ambra FY profits on the rise

Ambra has posted a healthy rise in profits for its fiscal year to 30 June. The Polish wine maker and distributor said yesterday (26 October) that consolidated net profit for the year hit PLN15.6m (US$4.8m), up from PLN10.5m in the corresponding period a year earlier.

Operating profit and gross profit also increased, to PLN29.3m and PLN25.2m from PLN26.6m and PLN19.5m respectively.

Consolidated sales fell sharply in the year, however, to PLN370.7m from PLN523.8m.

Earlier this year, Ambra forecast consolidated net profit for fiscal 2005-2006 of PLN20m on revenues estimated at reaching PLN440m.

(Source: just-drinks.com)