Despite a slight decline of 1.5%, AMBRA Group, a leader of the Polish wine market, increased its net profit, which grew by 57.6% to PLN 26.1 MLN. The sales of CYDR LUBELSKI grew rapidly and exceeded PLN 10 MLN.
On 3 September 2014, the Supervisory Board of AMBRA S.A. adopted resolutions appointing members of the Management Board for a new three-year term.
On 30 June 2014, Millennium Dom Maklerski S.A. issued a “BUY” recommendation for the shares of AMBRA S.A. setting a target price of PLN 12.30.
The third quarter of the financial year 2013/2014 was successful for the AMBRA Group in terms of both sales and financial results.
In the first half of the financial year 2013/2014 the AMBRA Group’s net profit amounted to PLN 23.7 MLN, which accounted for more than 5% increase compared to the previous year, despite the weak Polish market dynamics, unfavourable development of foreign markets and lower by less than 3% sales revenues.
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