Stalexport Autostrady S.A. Reports Group Earnings Results for the Year 2017
Stalexport Autostrady S.A. reported group earnings results for the year 2017. For the year, the company's revenue was PLN 318,831,000 increased by 8.9% compared to 2016 of PLN 292,853,000, mainly due to increase of revenue from management and operation of motorway (increase by 9.0%), including toll revenue on the toll section of A4 Katowice-Kraków motorway. Whereas group's revenue from the activity not related to the motorway in 2017 amounted to PLN 3,235,000 and are on a lower level compared to 2016 of PLN 3,364,000. Results from operating activities were PLN 216,409,000. As a result of activities in 2017 group achieved lower by 3.9% net profit of PLN 158,780,000, compared to net profit of PLN 165,294,000 in 2016.