Stalexport Autostrady S.A. Reports Consolidated Earnings Results for the First Three Quarters of 2016
Stalexport Autostrady S.A. reported consolidated earnings results for the first three quarters of 2016. For the period, the group's revenue was PLN 220,389,000, increased by 13.0% compared to PLN 195,071,000 for the same period in 2015, mainly due to increase of revenue management and operation of motorway (increase by 13.1%), including toll revenue (increase by 13.2%) on the toll section of A4 KatowiceKraków motorway. The cumulative gross profit amounted to PLN 178,486,000 and reached higher level (increased by 19.3%) than PLN 149,623,000 for the same period in 2015. The group achieved higher (by 22.8%) net profit of PLN 114,680,000 compared to net profit of PLN 93,376,000 for the same period a year ago.