Rawlplug Spolka Akcyjna Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
November 13, 2014
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Rawlplug Spolka Akcyjna reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company has reported net profit attributable to owners of the parent of PLN 6,856,000 or PLN 0.21 per basic ordinary share compared to PLN 8,217,000 or PLN 0.25 per basic ordinary share reported in the same period last year. Net revenue from sale of products, goods and materials was PLN 170,351,000 against PLN 175,115,000 reported last year. Operating profit was PLN 12,605,000 against PLN 13,954,000 reported last year. Net cash flows from operating activities was PLN 16,963,000 against PLN 26,606,000 reported last year. Purchase of property, plant and equipment and intangible assets was PLN 5,106,000 against PLN 7,091,000 reported last year.
For the nine months, the company has reported net profit attributable to owners of the parent of PLN 7,336,000 or PLN 0.23 per ordinary share compared to PLN 12,201,000 or PLN 0.37 per ordinary share reported in the same period last year. Net revenue from sale of products, goods and materials was PLN 501,060,000 against PLN 479,565,000 reported last year. Operating profit was PLN 24,949,000 against PLN 28,824,000 reported last year. Net cash flows from operating activities was PLN 32,502,000 against PLN 41,229,000 reported last year. Purchase of property, plant and equipment and intangible assets was PLN 15,897,000 against PLN 19,218,000 reported last year. Book value per share at the end of the period was PLN 10.64 against PLN 10.68 reported a year ago.
Rawlplug SA, (formerly Koelner SA), is a Poland-based manufacturer and wholesaler of fixings for construction and industry sectors. Its range of activities includes the production and distribution of fixing systems, cable suspension systems, insulation fixings for facades and roofs, self-drilling screws, powder actuated and gas-driven fastening systems, accessories for drywall systems, wood connectors, ropes and rope accessories, as well as hand and power tools, including screw drivers, pliers, hammers, drilling and cutting tools, and others. It product portfolio includes about 40,000 items offered under such brand names as Koelner, Modeco, Rrawlplug, Globus and Rawlfixing. As of December 31, 2011, the Company operated a number of subsidiaries based in Poland, Hungary, the Czech Republic, Bulgaria, Romania, Lithuania, Ukraine, South Africa, Germany and Slovakia, among others. The Company major shareholder is Amicus Poliniae Sp z o o.