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Time | Polish construction firms see big rise in profits
08 Apr 2019
Poland’s medium-sized construction firms and large construction companies generated a total net profit of PLN 4.3bn (around one billion euros) in 2018, compared to PLN 2.9bn zloty in the preceding year, according to a new report published by the research firm Spectis.
The report, The Construction Market in Poland 2019-2025, reveals that nearly half of the profit (2.03 billion zloty) was contributed by companies specialised in building construction projects, which are among the chief beneficiaries of the upturn in the residential construction segment. Importantly, civil engineering companies also showed robust performance profit-wise last year as they reported aggregate net profits of 1.44 billion zloty. Specialist construction enterprises (involved mostly in installation and finishing projects) added 0.83 billion zloty in net profit.
Full article: www.timebm.com