PKP 2017 net profit to exceed PLN 500 mln - CEO

The consolidated net profit of the state-owned railway group PKP for 2017 will exceed PLN 500 million, company’s CEO Krzysztof Mamiński said. “Based on the expected net results achieved by our companies, the total amount should exceed PLN 500 million, making it the most profitable year in our history,” he said. Mamiński added that the total result of all companies belonging to the PKP group reached nearly PLN 700 million, although it should be taken into account, that PKP does not own 100 percent stakes in all of its subsidiaries. In 2016, PKP generated PLN 150.9 million consolidated net profit.