|The company recorded a consolidated net profit of zł.84.73 million in 2012|
Courtesy of Empik
NFI Empik Media & Fashion, a major Polish retailer of books, music and toys, recorded 12 percent growth in its annual sales revenue to zł.3.24 billion in 2012. Revenue in the fourth quarter amounted to zł.1.12 billion, up by 4 percent year-on-year, the company said.
The company recorded a consolidated net profit of zł.84.73 million in 2012, while the Q4 2012 net profit was zł.73.8 million. The company said that the Smyk (toy and children's clothing stores) and Empik (books and music stores) segments contributed most to the revenue growth.
The group plans to further expand the Smyk network, also by opening stores in Germany, Russia and Turkey. It will also reorganize its Empik stores to further increase sales.
From Warsaw Business Journal
Czerwona Torebka takes over Merlin.pl
Retail sales up only slightly in March, at 0.1%
Polish retail sales up only slightly in March
Retail sales down 0.8% y/y
Grocery retailers: incomes up, profits down
Commemorating Europe Day, EU faces key challenges
BY Stratfor Global Intelligence
Deputy PM cries out for attention
BY Remi Adekoya