Pfleiderer Grajewo with lower net profits

Furniture producer Pfleiderer Grajewo reported a consolidated net profit of PLN 103.26 million in 2014, compared with PLN 152.54 million in 2013, the company announced last friday. The company’s operating profit amounted to PLN 142.93 million, versus PLN 108.74 million in the previous year. Sales revenue stood at PLN 1.52 billion compared to PLN 1.46 billion in 2013. Pfleiderer Grajewo is part of Pfleiderer AG. It specializes in production of wood-based materials used in furniture, interior and construction industries. The company is listed on the WSE.