Rafako Q3 profit grows

WSE-listed heavy machinery producer Rafako had PLN 16.67 million consolidated net profit in Q3, up from PLN 14.6 million the year before. EBIT was at PLN 29.19 million, compared with PLN 19.28 million the year before, while revenue from sales amounted to PLN 456.8 million, down from PLN 495.55 million last year. Company’s backlog at end-Q3 stood at PLN 3.05 billion. The figure includes the Jaworzno power plant project (estimated at PLN 1.77 billion), but not the Opole one (worth PLN 3.2 billion).