Asseco ( PLN, 0,00%) reported very good figures for 2Q07 with consolidated net earnings at PLN 32.7m, up 380.9% y/y. Note that the base period in the company’s financial report consists only of the consolidated 2Q06 results of the former Softbank. The result came in 20.6% above consensus estimate (PAP) at PLN 7.1m and 31.0% above our expectation for PLN 25.0m. The positive surprise mostly stemmed from more favourable financial activity, mostly as a result of FX gains.