Good financial results of Grupa Azoty PUŁAWY
Grupa Azoty PUŁAWY published its financial results for Q3 2015 on Monday, October 9th. The results confirm the company’s strong position in the Capital Group and its important role in the national economy.
Twice the profit
Compared to Q3 2014, the profit of Grupa Azoty PUŁAWY has doubled. The excellent results have been brought about by a number of factors, but the primary cause is the rise in fertilizer sales on the Polish market. Also, thanks to purchasing natural gas cheaper, the company has saved about 48 million PLN. International sales have fallen by a small figure, but the drop was offset by increased domestic demand.
Investment program keeps growing
In the third quarter of 2015 only, Our Works allocated as much as 70.2 million PLN to investment, and this position in the company budget is expected to grow even further in the years to come. Puławy Power Plant, scheduled for a start-up in 2019, is the most prominent investment project.
Good results despite pressure
The economic pressure was caused by the situation on Latin American markets, which imported more urea and ammonium nitrate. Demand for ammonium sulfate declined. Higher dollar exchange rate was other good news for Grupa Azoty PUŁAWY.
The current financial results and their dynamics of growth allow the Company to make an optimistic forecast for the future. Not only is demand for fertilizers and chemical products growing, but the customers are also becoming more and more interested in innovative products manufactured in Grupa Azoty PUŁAWY.