PBG posts net profit of PLN 867 mln for H1

Polish infrastructure producer PBG has recorded PLN 867.04 million in net profits in H1 2016, compared to a new loss of PLN 87.45 million in the corresponding period last year, the company informed in a market filing. The operating profit stood at PLN 828.7 million, versus a PLN 108.5 million loss in H1 2015. Consolidated sales revenue came at PLN 788.66 million in H1, while the figure amounted to PLN 771.96 million last year. PBG provides comprehensive, specialist contracting services for natural gas, crude oil, and fuel facilities. It acts as a general contractor, consortium member, or sub-contractor with respect to engineering design work, construction, repairs, operation, and maintenance.