Grupa Azoty's 2013 net profit at PLN 713 mln
Warsaw Stock Exchange-listed chemicals producer Grupa Azoty posted a PLN 713 million net profit in 2013, the firm stated in an annual report.
The net take attributable to equity holders showed a PLN 44.6 million Q4 loss. EBIT for 2013 was confirmed at PLN 702 million. The firm's revenues for 2013 amounted to PLN 9.82 billion.
“The reported data are in line with preliminary estimates. . . The firm showed Q4 EBITDA at PLN 57 million. Our expectations were at PLN 65 million, the market's - at PLN 114 million. The quality of the results, however, is visibly worse than what we expected,” said Łukasz Prokopiuk, an analyst at DM IDMSA.
“The results are relatively weak, but investors may be more focused on what is currently happening on the market. Cereal prices are rising, the weather is favorable, the season is in progress,” he added.
