Polnord's value drops

The capitalization of construction company Polnord dropped by over zł.500 million in May after it was revealed that it planned to merge with Pol-Aqua.

However, withdrawal from these plans did not save the company from further losses.

In the meantime, Polnord's CEO announced that the firm's projected 2008 net earnings of zł.200 million might be soon substantially revised upwards.