Helio delicacies distributor may raise its forecasts

MG
opublikowano: 05-02-2008, 14:30

Warsaw (Puls Biznesu) – Helio had record sales growth of over 60 percent while net income jumped by 70 percent.

 

In the October-December period, Helio had record results. The sales of the delicacies distributor jumped from PLN 20.8m (EUR 5.8m) in the same quarter of 2006 to PLN 33m. Operating income improved from PLN 2.7m to PLN 4.4m while the net income rose from PLN 2m to PLN 3.4m.

“We are most happy with sales increase because this means that we are winning even bigger market share. On the delicacies market evaluated at PLN 650m, our stake amounts to 7-8 percent”, Leszek Wasowicz, Helio CEO said.

 

Good results made the company restate its financial forecast for 2007/08 of PLN 50m of sales and PLN 3.6m of net income. They have already been met in, respectively, 80 and 90 percent.

“After Easter, we will consider whether to raise the forecasts”, Leszek Wasowicz said.

Helio is increasing capacity. It wants to buy land in Sochaczew for PLN 1.8m and build a plant for PLN 6.5m (funds from last year’s IPO).

 

Investors welcomed the news. Yesterday, Helio stock rose 24.37 percent to PLN 7.4.

(PLN 1 = EUR 0.280)

© ℗
Rozpowszechnianie niniejszego artykułu możliwe jest tylko i wyłącznie zgodnie z postanowieniami „Regulaminu korzystania z artykułów prasowych” i po wcześniejszym uiszczeniu należności, zgodnie z cennikiem.

Podpis: MG

Polecane