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The Warsaw Voice » Business » November 12, 2008
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Puławy Full Steam Ahead
November 12, 2008   
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Polish chemicals producer Zakłady Azotowe Puławy SA posted a sales revenue of zl.686.3 million in the first three months of its 2008/2009 financial year, an increase of more than 40 percent from the same period last year.

The company's operating profit grew fivefold to zl.185 million, and earnings before interest, taxes, depreciation and amortization (EBITDA) exceeded zl.201 million, compared with zl.55 million in the same period last year.

Sales of the company's fertilizers and other products increased to zl.642.2 million, growing by over 45 percent from the first quarter of the previous financial year. The volume of sold products increased by almost 10 percent for fertilizers and 4 percent for other chemicals.

"Thanks to diversification of production, we have reasons to be pleased with the financial performance of Puławy, despite the signs of a slowdown in the sector," said company chairman Paweł Jarczewski.

B.A.G.
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