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Article: Interfax Poland Business Daily.
- Article from:
- Poland Business Report Daily
- Article date:
- August 4, 2006
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COMPANY NEWS
Polish chemicals Police swings into Q2 net loss on natural-gas costs, as revenues are up
WARSAW. AUGUST 4. INTERFAX CENTRAL EUROPE - Polish chemical firm ZCh Police swung to a net loss of PLN 3.8 mln in the second quarter, versus a PLN 27.6 mln profit in the year-earlier period, chiefly on the back of high natural-gas prices that sent costs soaring, the company said in a statement Friday.
Police's revenues widened 2.7% over the prior-year period to PLN 451.1 mln.
"The main reason for these results is the significant growth of natural-gas prices, which negatively impacted profitability of fertilizers and ammonia," the ...