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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)

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