Trion: PLN 53.8m net loss in Q4 2009

2010-03-04



The construction materials producer Trion sustained a consolidated net loss attributable to shareholders of the parent company of PLN 53.8m (€13.8m).
Last year the company saw its revenues slump by 30.9% to PLN 79.2m (€20.3m) and it posted a net loss of PLN 54.7m (€14m). In the opinion of Trion's senior management, the disappointing figures were a consequence of the fragile state of the economy in Poland and the world in general, the crisis engulfing international financial markets and the reluctance of businesses to invest in real estate. In addition, the company's sales costs and G&A costs were steep during this period, while its long-term debts climbed to PLN 55.7m (€14.2m) and its short-term liabilities increased to PLN 69.7m (€17.8m).

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