Locked content Torpol expects to have net profit in 2018

Construction firm Torpol plans to reduce net loss in Q3 and to reach a net profit by the end of 2018, CEO Grzegorz Grabowski said.  Torpol expects an increase in order portfolio and double-digit margins for its unit Torpol Oil & Gas. In H1 the group had sales revenue of PLN 545.6 million, an inc...

Torpol prelim. H1 net loss at PLN 5.9 mln

Railroad construction company Torpol reported a preliminary consolidated net loss of PLN 5.9 million in H1 versus a loss of PLN 11.2 million y/y. Revenue grew to PLN 545.6 million from PLN 212.9 million in H1 2017.

Locked content Torpol with PLN 1.5 bln best offer in PKP PLK tender

WSE-listed construction firm Torpol filed the best PLN 1.5 billion net (PLN 1.84 billion gross) offer for works at the Gdynia Port railway station. Torpol, along with PUT Intercor offer was best in terms of price, deadline and experience, the company said in a market filing. PKP PLK planned to spend...

Locked content Torpol participates in tenders for over PLN 5 bln

Railroad construction company Torpol, which currently executes contracts for PLN 2.8 billion net, participates in new tenders for more than PLN 5 billion. The company wants, among others, to take part in a project for improving railway communication with Port of Gdynia. The value of the Torpol offer...

Locked content Torpol with PLN 2.83 bln backlog

Railroad construction company Torpol has a backlog of PLN 2.83 billion at the end of March 2018, not including the value of pending contracts held be its consortium partners, the company stated in its quarterly report. The largest order in its portfolio is a contract with LCS Konin for PLN 837.8 mil...

Locked content Torpol with PLN 3 bln backlog

WSE-listed construction firm Torpol backlog amounts to PLN 3.06 billion the company said in a market filing. “The record-high backlog will allow us to steadily achieve sales revenues in Poland in the coming years at the level of PLN 1 billion annually. We want to strengthen our position as one of th...

Locked content Torpol with PLN 11.4 mln impairments

WSE-listed railway infrastructure builder Torpol will add PLN 11.4 million in impairments related to its Norwegian operations, which will be booked in the company’s last year’s financial report, the company said in a market filing. Write off for the Torpol Norge AS shares will amount to PLN 4.74 mil...

Locked content Torpol with PLN 367.3 mln deal with Tauron

WSE-listed construction firm Torpol signed a PLN 367.3 million net contract for design, construction, and launch of a rail system for the new power block at Tauron’s Jaworzno plant, company said in a market filing. The new railway line will connect the 910 MW block with Tauron Wydobycie, which...

Locked content Tauron picks Torpol for PLN 367 mln contract

WSE-listed railway infrastructure builder Torpol won the tender organized by WSE-listed utility Tauron for design, construction, and launch of a rail system the new power block at the Jaworzno plant. The value of the deal is PLN 367.28 million net (PLN 451.75 million gross), and Torpol was the only ...

Locked content Torpol and Budimex with PLN 596 mln deal with PKP PLK

The consortium led by WSE-listed railway infrastructure builder Torpol, and WSE-listed constructor Budimex has signed a net PLN 596.7 million deal (gross PLN 734 million) for the works on the 133 railway line with railway infrastructure firm PKP PLK. The tender concerns route connecting Trzebinia an...