Bakalland misses the mark yet still profitable
Despite an increase of over 25 percent from last year, the figure was lower than the forecast of over zł.200 million announced earlier by the management board. "We had to give up a number of contracts signed earlier by Polgrunt, which we took over last year, which weren't profitable," said Marian Owerko, president of Bakalland.
At the same time he stressed that results of Bakalland Ukraina, which recorded earnings amounting to zł.0.5 million on revenues of zł.8.1 million were not consolidated in the report. It is also worth mentioning the growing exports of the firm, which exceeded zł.16 million, while a year earlier it stood at over zł.9 million.
In line with earlier plans, mutual due diligence carried out in relation to the merger with Atlanta Polska will be concluded by the end of September. "At present I see no threats either as to the date nor the merger at all," said the CEO of Bakalland.
Source: Parkiet (M.M.)
At the same time he stressed that results of Bakalland Ukraina, which recorded earnings amounting to zł.0.5 million on revenues of zł.8.1 million were not consolidated in the report. It is also worth mentioning the growing exports of the firm, which exceeded zł.16 million, while a year earlier it stood at over zł.9 million.
In line with earlier plans, mutual due diligence carried out in relation to the merger with Atlanta Polska will be concluded by the end of September. "At present I see no threats either as to the date nor the merger at all," said the CEO of Bakalland.
Source: Parkiet (M.M.)
