PBG with PLN 4.2 bln contract portfolio

Construction capital group PBG had PLN 4.2 billion worth of contracts in its portfolio as of January 2017, PLN 1.82 billion of which is scheduled for completion in 2017, the company stated in its annual report. Almost 97 percent of the group’s contracts are in the energy construction business, including the construction of the Jaworzno III power plant. In 2016 Grupa PBG had PLN 1.99 billion in revenue (up from PLN 1.8 billion a year earlier), and PLN 820.4 million in operational profit, including PLN 925.7 million in profit arising from the deal with the group’s creditors (last year it had a PLN 190.6 million loss).