Bumper year for Stalprofil
Stalprofil has revised its net income profile for the year from zł.40.6 million to zł.45.1 million. The upbeat figure follows a revaluation of earlier predictions.
The company initially forecasted revenues of zł.707.7 million, while sales now look as though they will fall short of this target, at zł.630 million.
The revision is a result of a number of factors. Shipping services ended in August, instead of December as planned, which cut predicted revenues by about zł.30 million, and the volume of Stalprofil's large export contracts also decreased.
Despite the current industry trend of rising prices and demand for steel, Stalprofil concentrated on profit margins, rather than trying to maximize sales. It took a cautious approach and backed away from risky contracts.
But now market prosperity and Stalprofil's cost discipline mean net income will be almost zł.5 million higher than expected.
(A.B.)
The company initially forecasted revenues of zł.707.7 million, while sales now look as though they will fall short of this target, at zł.630 million.
The revision is a result of a number of factors. Shipping services ended in August, instead of December as planned, which cut predicted revenues by about zł.30 million, and the volume of Stalprofil's large export contracts also decreased.
Despite the current industry trend of rising prices and demand for steel, Stalprofil concentrated on profit margins, rather than trying to maximize sales. It took a cautious approach and backed away from risky contracts.
But now market prosperity and Stalprofil's cost discipline mean net income will be almost zł.5 million higher than expected.
(A.B.)
