Vistal Gdynia with PLN 21.3 mln net loss in Q1

Vistal Gdynia reported Q1 consolidated net loss at PLN 21.29 mln compared to PLN 4.35 mln net profit a year earlier.  Q1 operating loss amounted to PLN 10.12 million from PLN 4.27 million profit in 2017. Q1 consolidated revenue dropped by 87.1 percent to PLN 13.58 million year-on-year. Unconsolidated net loss in Q1 2018 amounted to PLN 6.52 million compared to PLN 6.43 million profit a year earlier. Vistal Gdynia - the parent company of the Vistal group - is a producer of steel constructions, executing contracts for clients in the country and in foreign markets. The company made its debut on the Warsaw Stock Exchange in January 2014. The Group operates in the infrastructural, marine and offshore segments, including port infrastructure, construction and energy.