The auditor completed the audit of the financial statements of PKP Polskie Linie Kolejowe SA for 2023. This is reported by the railway transport news portal Railway Supply with a reference to Nakolei Pl.

The record financial loss of PKP Polskie Linie Kolejowe SA
Photo: PKP PLK

The company reported a net loss of 937 million zlotys, a significant decrease compared to the previous year, when it achieved a net profit of +173 million zlotys.

The main reason for the deterioration of the result was the need to account for expenses related to investment requirements.

In 2023, PLK SA had to recognize expenses of approximately 1 billion zlotys, mainly due to claims filed by contractors in 2022 and earlier.

These expenses were not included in the financial results in previous years.

The total value of claims by investment contractors against PLK SA exceeds 7 billion zlotys.

The record financial loss of PKP Polskie Linie Kolejowe SA
Photo: PKP PLK

“I am surprised by the level of losses in 2023. The disclosed cost of claims by investment contractors and the risk of their payment led to the worst result for the company since 2005. The state treasury expects PKP Polskie Linie Kolejowe SA to achieve a financial result close to zero, while last year a huge loss was incurred,” says Piotr Wyborski, President of the Management Board of PKP Polskie Linie Kolejowe SA.

Photo: PKP PLK

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

Siemens Mobility has signed a contract to supply ETCS Level 2 systems

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.

Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit