Odlewnie Polskie castings producer – no surprises in the second quarter

APA - Austria Presse Agentur
opublikowano: 26-06-2006, 14:41

Warsaw (Puls Biznesu) – Odlewnie Polskie are launching new production lines. The income will be generated in the future.

Warsaw (Puls Biznesu) – Odlewnie Polskie are launching new production lines. The income will be generated in the future.

 

The management of Odlewnie Polskie, Poland’s listed casting producer, will soon present the financial results after the first half of the year. The company may raise the forecast after the first two quarters.

“June will be decisive”, Leszek Walczyk, Odlewnie Polskie CEO said.

The company has just starter moving part of production to the new technology lines. This part of the investment program due to double capacity. The program will cost PLN 30m (EUR 7.3m), raised from shareholders, EU funds and the basic activity of the company. In the first quarter, Odlewnie had PLN 1.3m of net income against PLN 28.16m of sales.

 

The present financial forecast of Odlewnie Polskie provides for PLN 116m of sales this year and being profitable. Recently Opera and Handlowy Zarzadzanie Aktywami funds increased their stakes in the castings producer to over 5 percent.

(PLN 1 = EUR 0.243)

 

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Podpis: APA - Austria Presse Agentur

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