Stelmet 2017/2018 net profit at PLN 4.1 mln

Garden furniture producer Stelmet reported 2017/2018  consolidated net profit of PLN 4.1 million compared to PLN 10.5 million a year ago, the company said. The decrease of net profit was mainly to higher depreciation related to the launch of the plant in Grudziądz and lower revenue. Operating profit stood at PLN 2.3 million versus PLN 5.9 million y/y.  Revenue amounted to PLN 212.8 million compared to PLN 228.5 y/y.