Cigarettes and construction do not mix
Pażur, which is quoted on the Warsaw bourse and involved in cigarette trading and construction has announced that it is to give up the latter.
The WBK and BPH banks have cut Pażur’s credit line in view of the company’s bad financial state.
Despite finishing last year in the black, it was back in the red in the first quarter of this year with a PLN1m loss.
This was blamed on a tightening of margins.