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PBG Income Higher Than Expected.

Europe Intelligence Wire

| October 01, 2008 | COPYRIGHT 2008 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Polish News Bulletin)

The net income of PBG group for the second quarter of 2008 amounted to ZL50m instead of the ZL41.2m announced in the report from August. The difference amounts to 21 percent and is mainly caused by the discrepancy between income tax sum declared in the August report and in the report for the first half of the year. It was lowered from ZL15.8m to ZL4.8m, as one of the companies belonging to the group has used the privilege of a so-called tax shelter. Namely, the strategy was applied by the Poznan based Hydrobudowa 9, which was taken over by PBG last ...

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