Business Summary: PGF Polska Grupa Fotowoltaiczna SA, formerly known as Zastal SA, is a Poland-based company engaged in a real estate rental. The Company’s offer includes commercial and nonresidential property rental, such as offices, warehouses and industrial plants. Through its subsidiaries, it provides such services as international cargo transportation, automotive repair and maintenance, property protection, financial services, railroad cars manufacturing, production of industrial parts and components, as well as repair of engines. It operates the Zastal Industrial Zone, where it offers the rental of industrial space and machinery. The Company owns a number of subsidiaries, such as Zastal Transport Sp z o o, Sundragon SA, Oze Capital SA, Zastal Wagony Sp z o o and Landex Sp z o o.
Financial Summary: BRIEF: For the nine months ended 30 September 2024, PGF Polska Grupa Fotowoltaiczna SA revenues decreased 93% to PLN43.7M. Net loss applicable to common stockholders excluding extraordinary items totaled PLN18.7M vs. income of PLN8.4M. Revenues reflect Repair of Engines segment decrease of 47% to PLN8.8M. Net loss reflects Other segment loss increase from PLN13K to PLN20.2M, Eliminations segment loss totaling PLN74K vs. income of PLN4M.