Radpol with PLN 10.59 million loss in 2016

Radpol recorded an operating loss of PLN 7.35 million in 2016. EBITDA profit was at PLN 1.66 million and it posted a gross loss of PLN 10.59 million in 2016 according to preliminary data from the company. Revenues from sales amounted to PLN 143.47 million, with a gross profit on sales of PLN 27.76 million. The company's net debt amounted to PLN 49.16 million at the end of 2016. "The financial results have been prepared on the basis of the available management company's preliminary financial data for the year ending December 31, 2016. The estimates were made according to the best knowledge of the Board at the date of preparation and based on the assumption that it does not rise and does not reveal circumstances which could significantly affect the financial result after the date of publication of the estimates," the company said in a statement. Radpol is a manufacturer and supplier of technologically advanced parts for heat transfer products for energy and plastic pipes for water, sewage and gas, as well as solutions for other industries. The company has been listed on the Warsaw Stock Exchange since 2007.