ZUE net profit up to PLN 16 million in 2022

ZUE, a Polish construction and engineering company, reported a consolidated net profit attributable to the shareholders of the parent company of PLN 16.39 million ($4.01 million) for 2022. This represents an increase compared to the previous year's profit of PLN 11.77 million.

The company's consolidated revenue from sales reached PLN 921.42 million in 2022, compared to PLN 851.45 million a year earlier. The company's operating profit amounted to PLN 18.14 million up from PLN 14.16 million in 2021.

The company attributed its strong financial results to its good organization and effective response to changing market conditions. Its order book is worth approximately PLN 1.8 billion, with most of the contracts related to railways. The company is also expecting to sign a contract worth PLN 785 million with PKP PLK, financed by the EU's CEF programme, which would bring the value of its order book to approximately PLN 2.6 billion.

Source: ISBnews