Budimex H1 profit up

WSE-listed builder Budimex posted PLN 194.6 million attributable net profit in H1, up by 33.3 percent year-on-year and PLN 2.72 billion in revenues, the firm said in a market filing. The value of contracts signed in the first six months of the year reached PLN 3.17 billion compared to PLN 3.07 billion the year before, while the company’s backlog stood at PLN 9.61 billion vs. PLN 9.27 billion in H1 2016. At end-H1, the company sported PLN 1.28 billion in cash and cash equivalents.