Dekpol summarised its financial results for Q1 2015
Dekpol revenues increased by more than 80%, up to PLN 77.5 million in Q1 of this year in comparison to the same period of the previous year. The Management Board of the company, which operates in the field of general contracting, steel structures and accessories for construction equipment production and property management, anticipates dynamic development in the following periods due to a wide order portfolio.
In Q1 of this year Dekpol achieved revenues of PLN 77.5 million, which is more than 80% higher than in the equivalent period of the previous year. On the other hand, operating profit improved by about 34%, up to PLN 2.2 million year-on-year. After first three months of this year, net profit amounted to slightly more than PLN 1 million, which means an increase by about 77% in relation to the previous year. The company`s equity amounted to PLN 102.8 million at the end of March this year, which was almost twice higher than in the same period of the previous year.
The Management Board of the Company, which specialises in general contracting, steel structures and accessories for construction equipment production and property management, emphasises that due to the seasonal nature typical for construction industry the highest sales revenues are achieved in Q3 and Q4. However, in Q1 2015 favourable weather was observed as well.
„The beginning of the year was successful for us. An increase in turnovers with a higher gross margin on sales exerted significant influence on the improvement of the financial results. We expect a further improvement in the following key periods of the year due to the possessed and executed wide order portfolio” – said Mariusz Tuchlin, the President of Dekpol S.A.
Dekpol began Q2 of the current year executing several contracts, among which the most important were: the construction of the Neptun shopping mall in Starogard Gdański, the Pomeranian Science and Technology Park in Gdynia, a production and storage hall with an office, social and technical part in Tczewo, the repair and expansion of the Aubrecht Hotel in Koprzywnica, the construction of office and warehouse buildings in Sosnowiec and the logistics centre for 7R Logistic Kokotów. The value of these contracts jointly amounts to about PLN 170 million net.