MANGATA HOLDING S.A. published the results for the first half of 2017

At the meeting with investors held on 03.10.2017 the current situation of the Holding was discussed. Capital expenditures of the companies of MANGATA Group in the first half of the year amounted to PLN 25 million. Annual CAPEX may amount to approx. PLN 55 million.

Mangata Holding is considering launching a new foundry: "The project is potentially very large, with a value of 80 or even 100 million zlotys. At the end of October there will be known a final recommendation of the consulting firm we are working with. It is to indicate whether it is better to build a new plant or modernize the existing one"- informed Jurasz.

In the first half of 2017, the Group's revenues increased to PLN 314.1 million from PLN 298.3 million.

The problems of growing manufacturing costs as well as the lack of workforce were also discussed.

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