GUS: Polish companies with better financial results

Polish companies recorded better financial results in Q1 2015 than in the same period one year ago, according to data from the Central Statistical Office (GUS).   The office informed that the gross financial result of companies stood at PLN 28.4 billion compared with PLN 25.6 billion one year ago and their liabilities totaled PLN 4.3 billion. The companies' net financial results amounted to PLN 23.3 billion in Q1, a decline of 9.7 percent y/y. Net profits totaled PLN 31.9 billion, showing growth of 10.4 percent y/y and net losses stood at PLN 8.3 billion, an increase of 12.5 percent. As much as 68.7 percent of companies reported a net profit in Q1 2015.