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Regions :: Eastern Europe :: Poland
Grupa Azoty reports lower sales and earnings, placed on Poland's strategic enterprises list
8:34 AM MDT | August 19, 2014 | Natasha Alperowicz
Grupa Azoty (Tarnów), Poland’s leading chemical enterprise reports a major decline in second quarter net profit and Ebitda. Net profit fell to 86 million Polish zloty ($27.4 million) from Zl 360 million in the corresponding period of 2013. Ebitda was down 57%, to Zl 239 million. Ebitda adjusted for gain on the purchase of Grupa Azoty PuĹ‚awy was down 16%. Revenues were 8% lower, at Zl 2.37 billion. An adverse pricing environment, especially in the fertilizer segment, hurt the company's results, says Andrzej Skolmowski, v.p...
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