Budimex, a leading Polish construction firms, announced it had made a PLN 67m profit in the first six months of the year, a substantial decrease compared to the same period of 2011. The company’s cash-flow and short-term bonds were reportedly worth PLN 350m in the first half of this year, less than a half as much as in 2011. Budimex sold 243 flats in the first half of 2012, with the number of 210 units being pre-sold so far.
Despite the poor results, Budimex plans to share its profits with its shareholders this year. “As we do have the cash and no investments plans, we would like to pay out the dividends,” said Darisz Blocher, the company’s chairman.
