Polish aggregate supplier Dolnoslaskie Surowce Skalne (DSS) recorded a net loss of €5.61 million over the first three quarters of 2012. The loss was despite the in administration firm generating €24.68 million in revenue, €6.37 million in EBITDA and €1.19 million of operating profit between Q1-3 2012. The DSS board said that the net loss is attributable to high finance costs related to loans taken out for motorway contracts. However, the financial situation is likely to change as a €39.06 million liabilit
Polish aggregate supplier
The loss was despite the in administration firm generating €24.68 million in revenue, €6.37 million in EBITDA and €1.19 million of operating profit between Q1-3 2012.
The DSS board said that the net loss is attributable to high finance costs related to loans taken out for motorway contracts. However, the financial situation is likely to change as a €39.06 million liability towards bond holders will be turned into shares, should the settlement with creditors be successful.
DSS belives that its sales will continue to grow as delayed motorway contracts need to be completed.
