Echo Capital Group closed the second quarter of 2008 with net profit exceeding PLN 31 million (approx. €8.5 mln.) (15% growth as compared to the 1st quarter of 2008). Net income exceeded PLN 91 million (approx. €25 mln.) and is equivalent to earnings of the 1st quarter of year. Accrued net profit after two quarters of 2008 equals PLN 54 million (approx. €15 mln.) and the value of revenues is PLN 183 million (approx. €50 mln.).
Net profit of the 2nd quarter of 2008 is significantly lower than the profit earned during the same period of the preceding year, due to significant appraisal value of the Pasa