Helio : A 40 percent increase in revenues

In the 1^st quarter of the current financial year, the Company increased its sales and thus achieved its record sales income for July-September - PLN 17,698. When compared to the same period in the previous year, the Issuer increased its sales by as much as 40% (the sales income for July-September 2014 was PLN 12,618).

Despite dynamic sales growth, the Company did not manage to overcome the seasonality typical of the industry. It needs to be explained that throughout the history of the company, the July-September period was year by year characterised by a negative net result, which is related to the seasonal nature of profit generation by the Company. So the first quarter of this financial year closed with a net loss of PLN -705,000, while EBITDA was PLN -168,000 when compared to the PLN 81,000 profit for the July-September 2014 period.

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