final 1Q07 figures are above the initial management estimates published in March on Sales and EB
IT, and line on the bottom line. Reported net profit came in at PLN 21.6m for 1Q07, up 134.9% y/y, in line with the preliminary management expectations of PLN 20-22m. On an adjusted basis for one-off charges related to fire in 1Q06 and management option plan in 1Q07 net profit came in at PLN 22.2m and grew by healthy 34.7% y/y. In our opinion the results are good and improve the sentiment towards Kety
, depressed after the disappointing results for 4Q06.