Impel Spolka Akcyjna reported consolidated and parent earnings results for the first quarter ended March 31, 2012. For the quarter, on consolidated basis, the company reported revenue on sales and subsidies was PLN 341,014,000 against PLN 299,401,000 for the same period earlier. Operating profit was PLN 8,206,000 against PLN 10,329,000 for the same period earlier. Pretax profit was PLN 8,206,000 against PLN 10,323,000 for the same period earlier. Net profit attributable to share holders of the parent undertaking was PLN 5,739,000 against PLN 7,971,000 for the same period earlier. Basic and diluted earnings per share were PLN 0.47 against PLN 0.66 per share for the same period earlier. Net cash used in operating activities was PLN 2,500,000 against PLN 4,610,000 for the same period earlier. Acquisition of intangible assets and property, plant and equipment was PLN 5,313,000 against PLN 2,573,000 for the same period earlier. Book value per share was PLN 20.96 against PLN 27.42 for the same period earlier. In the first quarter, EBIT was at the level of PLN 8,206,000, which represents a decrease of PLN 2,117,000, by 20.5%, as compared to a year ago. EBITDA was PLN 16,760,000, decreasing by PLN 1,162,000, by 6.5%, in comparison with the first quarter of 2011. This increase can be attributed to the acquisition of new contracts, renegotiations of the existing contracts and revenue earned by Agrobud BHP S.A., Agrobud sp. z o.o. and Brokers Union sp. z o.o For the quarter, on parent basis, the company reported revenue on sales and subsidies was PLN 11,452,000 against PLN 10,678,000 for the same period earlier. Operating profit was PLN 1,065,000 against PLN 23,228,000 for the same period earlier. Pretax profit was PLN 3,476,000 against PLN 25,412,000 for the same period earlier. Net profit was PLN 2,971,000 against PLN 24,992,000 for the same period earlier. Diluted earnings per share were PLN 0.24 against PLN 2.06 per share for the same period earlier. Book value per share was PLN 10.67 against PLN 18.62 for the same period earlier. Net cash used in operating activities was PLN 5,357,000 against PLN 8,103,000 for the same period earlier. Acquisition of intangible assets and property, plant and equipment was PLN 71,000 against PLN 417,000 for the same period earlier.