Bakalland and Helio showing healthy results in 2009/2010

2010-09-06

In the fiscal year 2009/2010 that ended on 30 June 2010, Bakalland, a producer of raisins and nuts, posted PLN 194.4m (€48.6m) of sales revenues, reflecting a 4.5% increase year on year, as Parkiet reported. Net profit totalled to PLN 9.3m (€2.3m) in 2009/2010, while in the analogous period of the previous year it posted PLN 0.4m (€0.1m) of net loss. Still, due to the seasonal fluctuations in the last quarter of the fiscal year, the producer showed a net loss of PLN 4.2m (€1m), which was at the same level as in the analogous period of the previous year. The company’s management underlined, however, that at the operating profit level the loss was much lower in Q4 2009/2010 than in Q4 2008/2009, which proves that the company’s new strategy of introducing new products on the market is effective.
Also Helio, a producer from the same segment, posted an increase in sales by 12% year on year to PLN 80.7m (€20m), while net profit grew by 44% year on year to PLN 8.2m (€2.1m) in the fiscal year 2009/2010. The company envisages further development. By the end of 2010, it plans to sign 25 new distributing contracts and to launch a new plant in Brochow that will increase the company’s production capacity threefold.