CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Poland's Budimex posts 7% rise in third-quarter profit on high contract throughput

By Reuters News

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)

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk