Ursus with PLN 17.08 mln profit in 2016

WSE-listed tractor producer Ursus, had PLN 17.08 million consolidated net profit in 2016, compared to PLN 7.72 million the year before, while operating loss amounted to PLN 2.64 million, compared to PLN 16.1 million profit in 2015. Revenue from sales dropped to PLN 284.4 million from PLN 324.4 million in 2015. With 107 percent growth in new tractor registrations y/y and overall 31 percent drop in such registrations, Ursus became the local leader with 10.3 percent market share, up from 3.5 percent share in 2015.