PKP Cargo recorded loss of PLN 66 mln in Q1

PKP Cargo recorded a net loss of PLN 66.05 million in Q1 2016, compared with a net profit of PLN 22.2 million in Q1 2015, the company said in a report. The company's operating loss amounted to PLN 61.81  million, versus an operating profit of PLN 32.37 in the same period last year. Sales revenues totaled PLN 1.03 billion in Q1 2016 and were slightly higher than last year's PLN 898.5 million. PKP Cargo is part of the PKP Group, the largest railway freight carrier in Poland and the second biggest in the EU.