ZUE with PLN 0.1 mln net profit

WSE-listed builder ZUE had PLN 0.1 million net profit last year, according to the company’s preliminary results. Revenues stood at PLN 465.3 million, while EBIT amounted to PLN 1.64 million. “In the fourth quarter of 2017, as in the third quarter, the company effectively used the operational capabilities of newly acquired contracts from the current EU perspective, which, among others, translated into an increase in ZUE's revenues at the end of 2017 compared to the end of the third quarter of 2017 by PLN 196k thousand (an increase of 92 percent),” the company said. Moreover, ZUE backlog is at PLN 2.1 billion.