Polish GTC Q1 net profit nearly triples

WARSAW, May 12 (Reuters) - Globe Trade Centre (GTC) GTCE.WA, a Warsaw-listed property developer, reported a near tripling of first-quarter net profit on Monday to 122.4 million zlotys ($55.76 million) from 43.5 million a year ago.

GTC has a market capitalisation of 8.4 billion zlotys. Its shares are down 14 percent this year, while Warsaw's main WIG20 index .WIG20 is down 13 percent.

On Monday, its shares closed up 2.9 percent at 39.40 zlotys. (Reporting by Marynia Kruk, editing by Will Waterman)