PKP Cargo with net profit of PLN 53.95 mln in Q2 2018

PKP Cargo has recorded a consolidated net profit of PLN 53.95 million in the second quarter of 2018, compared to PLN 20.8 million profit a year earlier, the company said in a report.

The increase in revenues from the sale of services and finished products resulted from higher transport prices and from larger transport (increase in freight volume by 3.4 percent y/y, increase in transport performance by 2.1 percent y/y), the report reads.

PKP Cargo debuted on the Warsaw Stock Exchange in 2013. The company is the No. 1 carrier in Poland (44.8 percent market share by weight and 51.6 percent according to transport performance in 2017) and the second carrier in the EU.

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