PKP Cargo with PLN 90 mln H1 net profit

WSE-listed rail freight operator PKP Cargo had PLN 89.6 million net profit in H1 according to preliminary results. This is a 361.9 percent y/y growth. Estimated revenues of the group amounted to PLN 2.51 billion compared with PLN 2.27 billion last year. Operating profit grew by 194.9 percent y/y to PLN 133.9 million, while EBITDA increased by 27 percent to PLN 422.6 million. PKP Cargo’s CAPEX in H1 amounted to PLN 302.7 million. In the first six months of the year, the company transported 59.5 million metric tons of goods.