Comments for the 1st quarter 2012

The Budimex Group owes this growth to the construction segment, particularly to the implementation of major road contracts. Sales in this segment increased in the comparable periods of up to over 56%.

Comments for the 1st half of 2012

This increase is mainly the result of the construction segment, whose sales increased in the comparable period of nearly 34%.

Justification for draft resolution No 168 of the Annual General Meeting on the distribution of profit for 2011.

Comments on selected financial data for 2011

This increase is the result of increased sales (about 36%) in the construction segment Budimex Group, which offset the decline in sales (almost 50%) in the property development segment, resulting from a significant decrease in 2010, the stock of finished apartments Budimex Real Estate. This company accounts sales revenue only upon the signing of the notarial deed of sale.

Commentary on results for 3 quarters of 2011

In the 9-month period ended 30 September 2011, the Budimex Group earned sales revenue of PLN 3,822.6 million, which represents an increase by 21% compared with the revenue earned in the same period of 2010.

Commentary on selected financial data for the first half of 2011

In the first half of 2011, consolidated sales of Budimex amounted to nearly PLN 2,250 million and were nearly 30% higher than the sales earned in the corresponding period of 2010.

Commentary to the financial statements of the Budimex Group for Q1 2011

In the first quarter of this year. Budimex Group realized sales of nearly 798 million zł, therefore 38.2% higher than the sales achieved in the same period of 2010.


Justification for draft resolution No 161 of the Annual General Meeting on the distribution of profit for 2010 The Management Board and the Supervisory Board recommend allocation of the full amount of profit for 2010, increased by the amount of supplementary capital corresponding to the portion resulting from accumulated profits, for the dividend payment of PLN 9.08 gross per share, on the basis of the following:

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