Selena Group: net profit doubled after three quarters of 2019
Selena Group, one of the leading producers and distributors of construction chemicals and the owner of the TYTAN brand – after three quarters of 2019 reports a net profit increase of nearly 100% YoY – to PLN 46.98 million. In this period, revenue exceeded PLN 1 billion, up 8.8%, while EBIT rose by 34% to PLN 64.42 million. In 2019, the company maintained its sales dynamics on the back of organic growth. Its gross profit margin increased as well, helped by a higher share of innovative products and favourable raw material prices.