Consolidated net profit came in at a loss of PLN 1.5m for 2Q08 versus a loss of PLN 0.6m in 2Q07 and much below our expectations of a loss of PLN 0.1m. Poor performance resulted mainly from higher than expected hike in SG&A costs, which offset better-than-expected gross profit margin. The comparability of the results is distorted by changes in the company which occurred in 1Q08. We expect some negative market reaction on the back of the results.