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Financial results for Q2 2008 |
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In the second quarter 2008, the Quantum Group achieved good financial results. Revenue from sales amounted up to 3.709 million PLN and increased 28 % in comparison to 2 Q of 2007 (2.662 million PLN). Increase of the sales revenue was achieved by the increase of the Qguar system sale, services and other products offered by Quantum in Poland and at the Ukrainian market. Over, the second quarter of 2008, the nominal profit amounted to 319.000 PLN, i.e. more by 23 % than in the same period of 2007. The Group profitability in Q2 / 2008 was lower than in the Q2/ 2007 what was caused by increasing domestic salaries as well as initial stage of market position at the Ukrainian, Russian and Romanian Markets. The positive effects of strengthening position will be seen in close future. Moreover, the next quarters results of year 2008 will be influenced by the Quantum East and Quantum International financial consolidation with Quantum software SA as the dominant company. | In thousands of PLN | Q2 / 2008 | Q2 / 2007 | % change | | Sales Revenue | 3 709 | 2 662 | 28,22 % | | Operating Profit (EBIT) | 266 | 338 | -21,30 % | | EBITDA | 441 | 444 | -0,67 % | | Net Profit | 319 | 259 | 23,16 % | |