Brief: Bumech 2021 Net Profit Up At 404 Mln Zlotys

Bumech SA

04/05/2022 06:35

May 4 (Reuters) - Bumech SA  BMCP.WA :
    * REPORTED ON TUESDAY FY 2021 NET PROFIT OF 404.0 MLN ZLOTYS
VERSUS 1.6 MLN ZLOTYS YEAR AGO
    * FY SALES REVENUE OF 427.1 MLN ZLOTYS VERSUS 78.6 MLN
ZLOTYS YEAR
AGO
    * FY OPERATING PROFIT OF 216.5 MLN ZLOTYS VERSUS 3.5 MLN
ZLOTYS
YEAR AGO
    * SAYS THE ARMED CONFLICT IN UKRAINE AND THE CURRENT
ECONOMIC AND
POLITICAL SITUATION MAY SIGNIFICANTLY INCREASE THE RISKS
ASSOCIATED WITH HIGH VOLATILITY OF RAW MATERIAL PRICES AND THE
AVAILABILITY OF METALLURGICAL PRODUCTS NECESSARY FOR THE
OPERATIONAL ACTIVITIES OF THE BUMECH CAPITAL GROUP COMPANIES
    * SAYS THE RELATED FACTORS THAT CONSTITUTE AN ADDITIONAL
BURDEN
FOR THE MINING-RELATED ACTIVITIES IS AN OPPORTUNITY FOR ITS
MINING PLANT SILESIA
    * SAYS NOTES AN INCREASE IN THE PRICE OF COAL, WHICH IN
COMPANY'S
OPINION WILL INTENSIFY IN RELATION TO A BAN ON IMPORTING THIS
RAW MATERIAL FROM THE RUSSIAN FEDERATION


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3Qk1Rma
 Further company coverage:  BMCP.WA  

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