Industry Europe | Big profit rise for Polish construction firms
05 Apr 2019
A recent report has shown a huge rise in profits for construction firms in Poland in the past year. The report, entitled The Construction Market in Poland 2019-2025, and published by research firm Spectis, has shown that, in 2018, large and medium-sized construction firms generated a total net profit of 4.3 billion zloty (ca. €1-billion).
While the soaring price of building materials and higher labour costs in 2018 did have a large impact on the general contracting sector, it also benefitted from the fact that these rising costs went hand in hand with a substantial hike in revenues, on the back of a significant number of orders.
Full article: www.industryeurope.com