Business
MDV: Revenue up 7.8% year-over-year, but net profit down 37% amid expansion and higher costs
MDV: Revenue up 7.8% year-over-year, but net profit down 37% amid expansion and higher costs
About this update from Modivo Sa
Revenue grew 7.8% year-over-year to PLN 8.2bn, driven by omnichannel expansion, but net profit fell to PLN 291.9m due to higher costs and lower margins. Key developments included a major share issue, full MODIVO ownership, and rapid store growth.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.