Publication of quarterly report 4Q2016

In the fourth quarter of 2016, the Company reported PLN 105k gain on investments.

The main contributors to result on investments were:

– profit on sales of securities (PLN 98 k),
– interest and dividend (PLN 44k).
– revaluation of investment portfolio (- PLN 37k),

In a quarter under review, Carpathia Capital S.A. recognized administrative expenses of PLN 32k and reported operating profit of PLN 73k.

In the twelve-month period ended December 31, 2016, the Company reported gain on investments of PLN 983k, operating profit of PLN 976k, net profit of PLN 786k and recognized administrative expenses of PLN 90k.

Cash remains the Company’s most significant asset with a share of 62.30% of total assets. Financial assets in other entities constituted the second most important position, representing 37,20% of total assets. Equity as of December 30, 2016 amounted to PLN 8 650k, with share capital of PLN 1 951k.

The Company remained debt free.

Quarterly report 4Q2016