Stagnation continues, but company results as a whole are improving

According to the latest report by the Central Statistical Office (GUS) the first quarter was more beneficial for enterprises as compared to the same p eriod last year. An increase in overall revenues by 8.6% was accompanied by a slower increase in costs of 7.3%. The survey which covered 15,000 compani es, each with over 50 employees, showed that the overall net financial stan ding improved from zł. 1.7 billion to zł. 3.1 billion. According to the dat a, 97.4% of total revenues were consumed by costs, as compared to 98% in the previous year, whereas the share of wages and insurance in the cost structu re decreased. The number of companies recording net profits has increased f rom 52.4% to 53.7%. The situation of exporters also seems to be improving as 63.2% posted net profits, as compared to 61.2% last year. (Rzeczpospolita, p. B2) A.K.