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CORRECTED-(OFFICIAL)-BRIEF-Kruk Q1 net profit at 115.5 mln zlotys (April 28)
April 28, 2017 / 5:44 AM / 3 months ago

CORRECTED-(OFFICIAL)-BRIEF-Kruk Q1 net profit at 115.5 mln zlotys (April 28)

(Company corrects Q1 results)

Sept 6 (Reuters) - Kruk SA:

* Said on Thursday that its Q1 net profit was 115.5 million zlotys ($20.6 million) versus 60.9 million zlotys a year ago

* Q1 revenue was 264.1 million zlotys versus 160.7 million zlotys a year ago

* Q1 operating profit was 131.1 million zlotys versus 70.2 million zlotys a year ago

* In Q1, for the first time in the company’s history, the debt recoveries from abroad were higher than in Poland

* 90 percent of its investment came from abroad in Q1, from Romania, the Czech Republic, Slovakia, Germany and Italy, whilst recoveries from foreign portfolios accounted for more than 50 percent

* ”I expect the trend to continue, as we are still expanding our operations in new markets. We are actively hiring in Italy and Spain − at the end of the quarter, we already had more than 200 staff in these two countries. I believe that month after month will unlock further potential of our new markets,”, CEO Piotr Krupa said

Source text:, ,

Further company coverage: ($1 = 3.8852 zlotys) (Gdynia Newsroom)

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