Reports Profit for Second Quarter

Shares in, a Polish e-commerce company, rose after it announced a profit for the second quarter and a reduction in debt. The company reported an after-tax profit of 119.0 million Polish zlotys ($27 million), compared to a loss of PLN63.5 million in the same period last year. This positive result can be attributed to margin improvement and cash generation.

The company’s revenue increased by 8.5% to PLN2.4 billion due to a strong performance in its Polish operations, driven by monetization initiatives and effective advertising strategies.’s adjusted earnings before interest, taxes, depreciation, and amortization grew by 20% to PLN580.4 million.

Citi analysts noted that the company’s adjusted EBITDA was 11% higher than expected, thanks to strong performance in Poland and better-than-anticipated international losses. is optimistic about its future performance, with projected revenue growth of 3% to 5% for the third quarter and anticipated adjusted EBITDA growth of 23% to 25% year-on-year.

The company’s solid second-quarter results and positive third-quarter guidance are expected to have a positive impact on its share price, according to Citi. also reported a reduction in net debt, which stood at PLN5.92 billion at the end of June, representing a 5.5% decrease since the beginning of the year.

Overall,’s financial performance is encouraging and highlights its ability to generate profit while effectively managing debt.

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