Profits of Polish companies sharply down in H1 2020
20:29
The net financial result of enterprises in the first half of 2020 decreased by 22.8 percent y/y to PLN 50.4 billion, the Central Statistical Office (GUS) announced on Monday.
In manufacturing, the net profit was reported by 76.7 percent units (78.9 percent a year before), and the share of revenues they obtained in the revenues of all entities in this section was 71.3 percent (against 87.2 percent a year ago, respectively).
From the group of enterprises covered by the survey, just like the year before, 52.4 percent disclosed in the first half of 2020 net revenues from the sale of products, goods and materials for export. The level of export sales revenues was 10.9 percent lower than the year before.
The data of the GUS concern 17,119 non-financial enterprises keeping books of accounts, in which the number of employees is 50 or more.
(PAP)
