Kęty to invest PLN 930 million by 2020

WSE-listed Grupa Kęty is planning to spend PLN 930 million by 2020 under the company's new investment strategy approved Monday by the board of directors. “In connection with the new strategy and the planned payment of dividends, the company's debt will stand at about PLN 570 million in 2017 (PLN 470 million net debt) and some PLN 370 million in 2020 (PLN 130 million net debt),” the press release informed. Grupa Kęty also announced that net profit is expected to stand at PLN 201 million in 2015, which is an increase of 18 percent year-on-year, while revenue will amount to PLN 1.96 billion, eight percent higher than in 2014. Grupa Kęty S.A., a parent company of the Capital Group, is a producer of high-quality advanced products based on aluminium, and of flexible packaging. It has been listed on the Warsaw Stock Exchange since 1996.