Polish non-financial enterprises' net financial result up by 20.6% y/y in Q1 of 2014

By bne IntelliNews May 25, 2014

The net financial result of non-financial enterprises amounted to PLN 21.3bn (EUR 5.1bn) in Q1 of 2014, i.e. it rose by 20.6% on the year, according to national stats office GUS.

At that time, their net profits was up by 4.7% y/y to PLN 28.9bn, while net losses declined by 23.5% y/y to PLN 7.6bn.

Revenues from total activity increased by 2.7% y/y to PLN 566.4bn in Q1 of 2014, while total costs were up by 2.1% on the year to PLN 540.8bn.

In Q1 of 204, the gross turnover profitability improved to 4.5% from 4.0% a year before, while the net turnover profitability rate was up to 3.8% from 3.2%, respectively.

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