GUS: Non-financial with PLN 126 bln net profit in 2017

Polish enterprises earned net PLN 126.4 billion at end-Q4, up 13.8 percent y/y, while investment outlays grew by 3.4 percent to PLN 126.2 billion, data from Poland's Central Statistical Office (GUS) showed. Net profit reached PLN 145.3 billion and was up by 8.1 percent compared with 2016, while net loss reached PLN 18.9 billion and was down by 19 percent y/y. As many as 80.9 percent of companies showed profits compared with 81.5 percent in 2016. Revenues from total activity increased by 9.3 percent y/y to PLN 2.8 trillion in 2017, while the cost of obtaining revenues grew by 9.1 percent and reached PLN 2.7 trillion. Data refer to enterprises keeping double entry accounts with 50 and more employed persons.