Detail akcie POLWAX online

Business Summary: Polwax SA is a Poland-based company engaged in the oil and gas refining and marketing industry. The Company specializes in the production and distribution of refined and deodorized paraffin, waxes and specialty industrial paraffin compositions. Its product portfolio includes products designed for candle-making industry, specialized products used for the production of candles, anti-corrosion agents, products designed for the manufacture of grave-lights, for wood impregnation, special applications, as well as products designed for contact with foodstuffs, anti-caking agents for fertilizers, casting waxes, hot-melt adhesives, grave-lights and candles. The Company’s products are used in such industries as wood processing, production of varnishes and paints, manufacture of explosives, paper and packaging, as well as rubber and food industry, among others.
Financial Summary: BRIEF: For the six months ended 30 June 2020, Polwax SA revenues decreased 13% to PLN65.1M. Net loss totaled PLN6.7M vs. income of PLN5M. Revenues reflect Candles Manufacture segment decrease of 27% to PLN27.2M, Waxes segment decrease of 3% to PLN35.5M. Net loss reflects Other Operating Income decrease of 96% to PLN577K (income), Revaluation of Fixed Assets/Expenses increase from PLN14K to PLN2.5M (expense).