PBG's Q3 net jumps 13 pct, undershoots forecasts

Mon Nov 9, 2009 7:11am GMT
 
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WARSAW, Nov 9 (Reuters) - Polish engineering and construction group PBG PBGG.WA increased its third-quarter net profit by 13 percent, the company reported on Monday, undershooting market forecasts.

It made a net profit of 39 million zlotys ($13.7 million), which compared with an average forecast of 44 million zlotys given in a Reuters poll of analysts. Sales grew 29 percent to 702 million, short of the forecast of 797 million.

The builder maintained its full-year net profit target of 190 million zlotys. (Reporting by Adrian Krajewski; Editing by Greg Mahlich)

 

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