Stability attacked

But at the end of November, the main index - the WIG - was slightly stronger compared to its lowest level on November 20th. Meanwhile, the biggest construction company listed on the Warsaw Stock Exchange - Budimex - reported its third quarter results. According to analysts from DM BZWBK (Dom Maklerski Banku Zachodniego Wielkopolskiego Banku Kredytowego) these results were a bit disappointing, especially when it came to sales. Budimex' earnings in that quarter were driven mainly by the sale of its assets in Warsaw, which were worth PLN 86.7 mln. If there hadn't been any such deal, the company would have recorded a net loss of nearly PLN 2 mln, in the estimation of the DM BZWBK analysts.

Contributed by:

Mirosław Kuk