Current report no 7 / 2017

The increase in the consolidated financial result of the Group Budimex SA for the fourth quarter of 2016

In relations to current report no 1 dated 11th January 2017 the Management Board of Budimex SA informs that after the analysis of risk valuation on one of the infrastructural contract the balance of provision for losses as at 31st December 2016 is decreased  by 60 million zloty. After the update of risk valuation consolidated net profit for the fourth quarter of 2016 amounted to 159 million zloty (previously 110 million zloty), an increase of 84 million zloty (112%) over the respective period of the previous year.