Polimex-Mostostal with PLN 34.7 mln Q2 profit

WSE-listed builder Polimex-Mostostal posted a PLN 34.7 million net profit in H1 2017, up from PLN 52.7 million loss a year earlier. Revenues in the first six months dropped to PLN 1.13 billion, compared to PLN 1.27 billion last year. The company blamed the loss in revenue on its projects in the energy sector. At the same time, Polimex-Mostostal has a PLN 2.7 billion backlog of which contracts for 2017 represent PLN 1.3 billion, the company said in the comment to H1 results.