Energopol boosted by larger contracts
"We are acquiring increasingly larger contracts, but in numeric terms there are fewer of them. At the end of the year revenues should increase by almost 30 percent in relation to 2007," said company president Jacek Taźbirek.
In H1 the firm was zł.8.3 million in the red on revenues of zł.37.6 million. "Our results were burdened with last year contracts, which were concluded in August. Now, only one contract negatively influences our results. The portfolio of orders is substantially larger, while it is already filled in 20 percent for 2009," said the CEO.
He went on to say that the current loss should be lowered at the end of 2008. Energopol is also eyeing two smaller companies with annual revenues of around zł.30 million, but any possible take over is not expected to take place this year.
Sources: Parkiet, Puls Biznesu (M.M.)
In H1 the firm was zł.8.3 million in the red on revenues of zł.37.6 million. "Our results were burdened with last year contracts, which were concluded in August. Now, only one contract negatively influences our results. The portfolio of orders is substantially larger, while it is already filled in 20 percent for 2009," said the CEO.
He went on to say that the current loss should be lowered at the end of 2008. Energopol is also eyeing two smaller companies with annual revenues of around zł.30 million, but any possible take over is not expected to take place this year.
Sources: Parkiet, Puls Biznesu (M.M.)
