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Poland’s Allegro Q3 profit tops estimates on online shopping boom -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This October 12th 2020 illustration shows how the Allegro logo can be seen on a smartphone. REUTERS/Dado Ruvic/Illustration

(Reuters) – Allegro, a Polish e-commerce platform, announced Tuesday that it made a profit for the third quarter. This beat analysts’ expectations. The company said this as customers continued shopping online despite relaxations in pandemic restrictions.

According to the company’s website, which attracts around 21 million users per month, it reported a net loss of 132,000,000 zlotys (81.58m) a year ago. This is higher than the analysts’ estimate of 263 millions zlotys.

($1 = 3.9765 zlotys)

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