Torpol with PLN 2.83 bln backlog

Railroad construction company Torpol has a backlog of PLN 2.83 billion at the end of March 2018, not including the value of pending contracts held be its consortium partners, the company stated in its quarterly report. The largest order in its portfolio is a contract with LCS Konin for PLN 837.8 million net. In 2018 the company plans investments in the amount of PLN 23 billion, PLN 15.8 million of which it wants to finance with leasing, the rest with its own funds. In Q1, Torpol reported a PLN 4.1 million net loss, PLN 3.7 operational loss and PLN 212.2 million in revenue.