Polimex-Mostostal heads down the road of smaller contracts

The company's sales in Q4 2005 were at a similar level to the same period in 2004 and amounted to zł.516.8 million. "We will recommend paying out 20% of last year's net profit to shareholders," stated Polimex-Mostostal president Konrad Jaskola. He added that the company's results for 2006 should be better and revealed that the current portfolio of orders guarantees that last year's sales will be repeated if not exceeded. The company wants to strengthen its position as a general contractor in the petrochemical, chemical, energy and construction sector. The company plans acquisitions in the energy sector and in the road and railway construction sector. In the latter it wants to concentrate on local markets. "The largest companies fight for the largest road contracts and the margins there are minimal. We are interested in the construction of voivodship roads for example. Companies do well here and their net profitability exceeds as much as 10%," stated the company's deputy president Grzegorz Szkopek. (Parkiet, p. 5) E.B.