The I quarter of 2016: turnover increased by 19% and the net profit… by 1568% as compared to the previous year
While a year ago TIM Capital Group announced the first net profit in three years at a symbolic level of PLN 234 thousand, the I quarter of 2016 brought concrete, reaching PLN 4.5 million individual and consolidated net profit.
A year like this does not happen too often! The highest turnover in the history and the first in three years net profit and operating profit achieved by TIM SA and the entire TIM Capital Group in 2015. 2/3 of the TIM’s revenues was due to the internet sales channel.
After 10 quarters of losses TIM SA achieved positive financial results at all levels. In the 3rd quarter of 2015 the profit from sales amounted to PLN 1.41 million, the operating profit – PLN 1.5 million and the net profit – PLN 1.01 million.
The largest distributor of electrical engineering devices in Poland has experienced the best first half of the year in its history in terms of revenues from sale. In TIM SA it amounted to almost 239.1 million and was higher by 12.7% than that achieved in the first half of 2014 and in the entire TIM Capital Group – PLN 256.2 million (increase by 13.1%).
Read 6 pages of the 1st quarter of 2015 summary, with the most important financial data of TIM SA. In English.
Read and download 17 pages of the year 2014 summary and the most important financial data of TIM SA.
TIM SA has published annual reports for 2012 - both individual and consolidated.
The Management Board of Warsaw Stock Exchange confirmed admitting TIM S.A. to the Liquidity Support Programme.
Position of the Management Board of TIM S.A. regarding the assessment of the creditworthiness of TIM S.A. carried out by KUKE S.A.
There are no grounds for lowering the overdraft limit from PLN 1 million to 0 which was executed by KUKE S.A. referring in the grounds to the bad financial situation of TIM S.A.
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