Good financial results of H1 2015

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News 4 September 2015

The financial results of ELEKTROBUDOWA SA Group proved much better than in the comparative six months of the previous year and better than expected by market specialists. The H1 2015 consolidated net profit attributable to the shareholders of the company amounted to 27.3 million PLN and increased 25.2 million PLN compared with the same period of the previous year. A dynamic increase in profit was accompanied by 34 per cent growth in sales revenues, up to 592.9 million PLN.

The 2015 annual forecast for the Group includes 1 197 million PLN sales revenues and 45 million PLN of net profit attributable for the shareholders.

Results of ELEKTROBUDOWA SA. Profit earned by ELEKTROBUDOWA SA amounted to 29 million PLN versus 7.9 million PLN in H1 2014. Revenues increased from 421.3 million PLN in H1 2014 to 575.8 million PLN in H1 2015. Analysts point out that Power Generation Division positively distinguished among the business segments, generating as much as 337.5 million PLN revenues, which is 84 per cent improvement y/y.

As far as the achieved results are concerned, there is no risk that the published forecast targets would not be met; upward adjustment is highly probable, President of ELEKTROBUDOWA SA Mr Jacek Faltynowicz said.

 

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