Bowim preliminary net profit at PLN 5.65 mln in Q1

Bowim recorded PLN 5.65 million of consolidated net profit in the first quarter of 2018, which is PLN 3.77 million less than a year earlier, the company announced presenting its preliminary data. The company stated Q1 operating profit amounted to PLN 11.8 million, which is a decrease of PLN 3.4 million compared to the first quarter of 2017. Consolidated net sales reached PLN 336.35 million, an increase of PLN 69.77 million y/y. Bowim Group is one of the main steel distributors on the Polish market with clients from various industries, providing 320,000 tonnes of steel per year. In addition to its basic activity, Bowim conducts  production of prefabricated reinforcements for the construction industry. The company's shares have been listed on the WSE since 2012.