Emerging Europe | Construction companies in Poland show negative profitability for fourth straight quarter
21 Dec 2018
The findings of Construction Market in Poland – December 2018 show that the aggregate net profit of the 22 construction groups listed on the WSE totalled nearly 170 million zloty (approximately 40 million euros) in the third quarter of 2018, compared to net profit of 162 million zloty (38 million euros) registered in the corresponding period of 2017.
While the third quarter results showed positive growth compared to 2017, when looking at the cumulative performance of the construction sector over the last 12 months a different picture is painted.
"The sector’s actual performance is more accurately reflected by a 12-month rolling total, which reveals a net loss of 281 million zloty for the trailing four quarters, which translates into the net return on sales of -1.2 per cent," states the report.
Full article: www.emerging-europe.com