Briefs

Polnord Group records PLN 0.2 mln profit

The Polish construction Group Polnord has announced a PLN 0.2 mln profit for the 3rd quarter of 2002.
Polnord, which specialises in construction among other activities, was general constructor for the Auchan hypermarkets in Gdańsk (24,000 sqm) and Warszawa-Białołęka (28,500 sqm) and developer for its flagship project, the residential building Królewski Trakt Apartamenty in Warsaw.

Hochtief Polska estimates its performance for 2002

Hochtief Polska President Uwe Krueger, has estimated that his company's turnover for 2002 will come to PLN 750 mln. He has also expressed confidence that Hochtief will make a profit this year and would not deny that his company has plans to acquire other construction firms over the next twelve months.

Lower profit for Bilfinger and Berger

German construction group Bilfinger and Berger's profit for the first nine months of 2002 has experienced a 21% drop and stands at Eur 21 mln, though BB is maintains it will achieve a total 2002 profit of Eur 60 mln.
Bilfinger and Berger operates in Poland under its own name but is also a major shareholder in the Polish construction company, Hydrobudowa 6.

Skanska Group's report

The Skanska Group has published a report covering a nine month period from January 2002, in which an operating income of over EUR 211.8 mln (SEK 1.926 bln) was recorded.
Skanska's operating income for the 3rd quarter of 2002 has reached over EUR 96.3 mln (SEK 876 mln) and Swedish newspaper 'Dagens Industri' commented that  'Skanska's profit has increased despite reduced sales' and that 'at the close of the third quarter, Skanska's number of  unsold apartments was 637, most of which were in Poland'.

 

EUR 660.8 mln allocated for roads in Małopolska region by 2006

The Polish government has allocated PLN 2.6 bln for road construction in the south-west Małopolska region, including the completion of the southern part of the ring road around Kraków, which will total PLN 400 mln zloty of investment (EUR 101.7 mln) by the state budget, the European Investment Bank and the EU Phare programme and is expected to be complete by May 2004.
Another project worth PLN 1 bln (EUR 254.2 mln) will involve the construction of a road from Kraków to Tarnów, to begin in either 2004 or 2005 and is due for completion in 2007.