Famur net profits significantly down in Q1

Mining machinery producer Famur reported consolidated net profits of PLN 100.25 million in Q1 2015, compared with PLN 207.63 million in corresponding period of the previous year. The company’s operating profits amounted to PLN 121.94 billion, versus PLN 224.63 billion in Q1 2014. Sales revenue stood at PLN 708.77 billion, compared with PLN 1.176 billion in Q1 2014. Famur is a company specializing in the manufacture of underground mining equipment and machinery.