Polish non-financial firms suffer 22.8 pct y/y drop in H1 net results

Polish non-financial enterprises suffered a 22.8 percent year-on-year decline in their net financial results in the first half of this year, to PLN 50.4 billion (EUR 11.4 bln), the Central Statistical Office (GUS) said on Monday.

A net profit was reported by 72.3 percent of all enterprises, compared to 74.9 pct a year earlier, and totalled PLN 78.4 bln (EUR 17.8 bln), down PLN 0.6 bln (EUR 136 mln) compared to the first half of 2019.

The total net loss reached PLN 28.0 bln (EUR 6.4 bln), having grown by PLN 14.4 bln (EUR 3.3 bln) year on year.

GUS data concern 17,119 non-financial companies employing at least 50 people.