Poland's Budimex posts 7% rise in third-quarter profit on high contract throughput
Oct 27 (Reuters) - Poland’s largest construction and engineering company Budimex BDXP.WA on Tuesday reported an about 7% rise in net profit from a year earlier, driven by high throughput across its diversified contract portfolio.
Here are more details:
The company’s third-quarter net profit rose to 182.4 million zlotys ($46.22 million)
Total sales revenue rose to 2.83 billion zlotys, up 15% from a year earlier, lifted by railway, road construction and services revenue
Budimex Group’s backlog as of 30 September amounted to 17.3 billion zlotys
At the end of September, Budimex Group’s net cash position stood at almost 1.8 billion zlotys
($1 = 3.9462 zlotys)