Ciech records PLN 160 million in profit

Ciech reported a PLN 161.93 million net profit in Q2, up from last's year PLN 86.25 million. Revenues stood at PLN 867.13 million, up by PLN 27 million. Net profit in H1 was PLN 241.96 million. "We continuously aim at lowering our costs, making our products's quality better and expanding and diversifying our portfolio. It all contributed to good financial results. Meanwhile, low prices of energy resources and a favorable currency exchange situation were also contributing factors," president Maciej Tybura said.  He also added the Ciech's biggest threat remains its high level of debt, and lowering liabilities is one of the company's greatest challenges. Ciech is the largest soda producer in the CEE region and one of the leading producers of plant protection chemicals, resins, PUR foams, silicates and glass.