Between January and June 2010, PKP CARGO’s net sales revenue amounted to PLN 2.19 billion, which was 18.6% higher than a year earlier. Within this, revenue from transport services increased by nearly 21%, to PLN 2.01 billion. During the same period, the company’s operating costs increased by only 6%. Consequently, PKP CARGO’s financial results improved. After six months, the company recorded a profit on sales and a net profit for the first time.
– Due to the harsh winter, the first two months of this year were difficult and our loss was greater than we had planned, but after six months, the company’s results are already very satisfactory. Everything indicates that the profit of approximately PLN 40 million assumed in the annual plan will be exceeded in 2010 – says Marek Zaleśny, member of the PKP CARGO management board for commercial affairs.
The sales result after the first half of 2010 amounted to nearly PLN 1.5 million, compared to a loss on sales of over PLN 215 million in the same period of 2009. At the net level, the company earned PLN 7.3 million, while a year earlier it recorded losses of PLN 314 million.
– These results clearly show that we are heading in the right direction, and the recovery program undertaken by the Company’s management board in 2009 and continued in 2010 was and is the optimal solution for PKP CARGO. However, in order to maintain the upward trend, given the whole range of factors that may negatively affect our operations, further consistent actions aimed at reducing operating costs and optimizing the Company’s activities will be key – says Wojciech Balczun, CEO of PKP CARGO.