Poland's ZA Pulawy ups FY net and operating profits guidance by 60 pct

WARSAW (Thomson Financial) - Polish chemical company ZA Pulawy has raised its guidance for net and operating profits by 60 pct in the fiscal year ending mid-2008, the company said in a statement.

Pulawy said it is now targeting a net profit of 224.1 mln zlotys for the year ending June 30, and an operating profit of 251 mln zlotys.

It expects revenues of 2.4 bln zlotys, or 5.4 pct more than earlier forecasts.

The company plans EBITDA (earnings before interest, tax, depreciation and amortisation) of at 323.2 mln zlotys, or 40 pct higher than previously forecast.

Source: By Adrian Krajewski, forbes.com