Polimex's Q3 results in line with market expectations

The operational profit however fell by 11% to zł. 25.58 million. The gross profitability also decreased to 8% as opposed to 11.2% in 2005. Revenues increased by 38.5% to zł.661.24 million. According to the company's president, Konrad Jaskóła, the good results are an outcome of efficient activity on the market of general contraction and production. Market analysts had been expecting that Polimex would post improved results. The net profit is in line with expectations, although the operational profit is somewhat below them. The tendency of worsening profitability probably stems from the smaller share of revenues from petrochemical sector contracts. Most deals were signed in general contracting, where margins are smaller. Polimex's portfolio of orders for the next few years amounts to zł.3 billion and the company is considering various acquisitions in its sectors. (Puls Biznesu p.14) M.M.