Polish non-financial firms Q1 earnings up 17.5% y/y - GUS

Polish non-financial enterprises earned net PLN 29.9 billion in Q1, up 17.5 percent y/y, while investment outlays dropped by 0.4 percent to PLN 21.6 billion, data from Poland's Central Statistical Office (GUS) showed. Revenues from total activity increase by 11.7 percent to PLN 675.3 billion, while the cost of obtaining revenues grew by 11.3 percent. As a result, the cost level indicator inched up to 94.9 percent compared to 94.6 percent in Q1 last year.

Data refer to enterprises keeping double entry accounts with 50 and more employed persons.