Echo Investment failed to match market expectations in the fourth quarter of 2013, posting a net profit of PLN 1.67m. Market analysts polled by the Polish Press Agency had been forecasting the company would post a net profit of PLN 2.6 for Q4. Revenues for the group hit PLN 122.2m, falling short of market estimates by 6.8 percent. Echo’s operating profit, however, beat market estimates by a healthy 54 percent in the fourth quarter, coming in at PLN 10m. The developer made PLN 309.1m in net profit for 2013, while revenues reach PLN 528.7m.
