ASSECO Q2 NET PROFIT TRIPLES, BEATS FORECAST

Warsaw
The Economic Times

Poland's largest software maker, Asseco Poland, said second-quarter earnings more than tripled, beating expectations, thanks to acquisitions and gains from a bank contract. Asseco, which has gone on a buying spree over the last year, earned 101 million zlotys ($46.44 million) from April through June compared to a 72 million average forecast in a survey of eight analysts. The company had a net profit of 33 million a year earlier.