Industrial Development Agency net profit down in 2014

State-controlled Industrial Development Agency (ARP) recorded PLN 82.98 million net profits in 2014, compared with PLN 136.19 million a year before, the ISBnews agency reported citing the firm's statement. Operational loss stood at PLN 73.5 million, whereas it amounted to PLN 11.47 million in 2013. Consolidated revenue totaled nearly 1.13 billion, compared with PLN 1.21 billion in 2013. Aleksandra Magaczewska, the ARP's CEO said the financial situation of the group is "stable" and "financial liquidity and financial security" is maintained.