Stalprofil SA Reports Group and Company Earnings Results for the First Quarter Ended March 31, 2012
May 15, 2012
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Stalprofil SA reported group and company earnings results for the first quarter ended March 31, 2012. For the quarter, the group reported revenues from sale of products, goods and materials of PLN 241,614,000 against PLN 181,741,000 a year ago. Operating profit was PLN 13,731,000 against PLN 16,730,000 a year ago. Net operating profit and net profit for the business year, and total income was PLN 10,206,000 against PLN 12,804,000 a year ago. Basic profit per share based on financial result for the business year was PLN 0.46 against PLN 0.64 a year ago. Net cash used in operating activity was PLN 7,304,000 against net cash flow from operating activity of PLN 10,847,000 a year ago. Expenditure on the purchase of tangible fixed assets and intangible assets was PLN 12,048,000 against PLN 3,962,000 a year ago.
For the quarter, the company reported revenues from sale of products, goods and materials of PLN 124,629,000 against PLN 136,499,000 a year ago. Operating profit was PLN 8,685,000 against PLN 10,403,000 a year ago. Net operating profit was PLN 6,022,000 against PLN 8,199,000 a year ago. Net profit for the business year was PLN 6,022,000 against PLN 8,199,000 a year ago. Total income was PLN 42,316,000 against PLN 119,286,000 a year ago. Basic profit per share based on financial result for the business year was PLN 0.34 against PLN 0.47 a year ago. Net cash used in operating activity was PLN 5,261,000 against net cash flow from operating activity of PLN 9,378,000 a year ago. Expenditure on the purchase of tangible fixed assets and intangible assets was PLN 1,660,000 against PLN 492,000 a year ago.
Stalprofil SA is a Poland-based company, which is engaged in the steel industry. The Company distributes metallurgical products and semi-finished steel. The Company's product portfolio includes: angle sections, channel sections, flat bars, hot rolled steel profiles, hot rolled angles, cold formed profiles, reinforcing ribbed bars, sheets and plates, I-sections, T-bars, as well as wire rods and smooth rods. It operates its own distribution network through two warehouses in Dabrowa Gornicza and Katowice. Stalprofil SA mainly exports its products to the European Union countries, as well as to Norway, Turkey, Ukraine and Belarus. As of December 31, 1011, the Company had three subsidiaries: Izostal SA, which produces the polyethylene pipes and antirust coated steel pipes; ZRUG Zabrze Sp. z o.o, engaged in the construction of the gas, heating, water and sewage systems and KOLB Sp. z o.o., the producer of steel structures.
STALPROFIL S.A. 