Wheels of steel roll on

Stalprodukt's ironclad Q3 results pleased analysts, despite a drop in profits. Net sales revenues were reasonably high after nine months, reaching zł.580.4 million, but fell short of 2004's figure for the same period by zł.31 million. Net operational profit also slid from zł.60.1 million to zł.56.6 million this year, but analysts remained upbeat.

The number of shares remained the same, at 6.725 million, while the profit earned from one share slipped from zł.8.43 to zł.8.04. At the same time, a single share's book value grew from zł.39.19 to zł.44.15. Assets also increased, from zł.410.7 million in 2004 to zł.421.5 million after Q3 2005.