RESULTS OF ORZEŁ BIAŁY GROUP FOR Q3 2018
ORZEŁ BIAŁY GROUP has been consistently pursuing the upward trend in financial results over the past few years. After 9 months of 2018, the Group earned a record EBITDA of PLN 28.4 million (up 8.3% y-o-y) which was influenced by the cost-effective structure of raw materials used for production. Q3 2018 saw the Group finishing with EBITDA (excluding one-off events) at PLN 7.9 million.
- Orzeł Biały Group profit on operating activities amounted to PLN 5.6 million without taking into account the impact of the subsidiaries control recovery settlement at PLN (-1.2 million) and excluding the write-off for bad debts in the amount of PLN 1.7 million. Incrementally for 9 months of 2018, there was an increase of 13.9% y-o-y reported.
- Net profit of Orzeł Biały Group in the third quarter of 2018 amounted to PLN 2.9 million. At the same time, incrementally for 9 months, it amounted to PLN 15.3 million, up 17.7% y-o-y.
- The volumes of refined lead sold in the third quarter of 2018 amounted to PLN 15,500 mt. In turn, for 9 months it amounted to 50,000 mt.