The CIECH Group, the second largest producer of sodium carbonate in Europe and the largest Polish manufacturer of plant protection products (PPPs) and evaporated salt, published its results for 2018. The Group's revenues amounted to PLN 3,548.9 million, adjusted EBITDA to PLN 663.3 million, and net profit to PLN 116.4 million. The increase of the adjusted EBITDA profit, year-on-year, is the effect of an improvement in the operating result, while the net profit was burdened mainly with issues related to operations in Romania – write-offs for impairment of assets and the voluntary redundancy programme at the Group's Romanian factory . Thanks to the changes introduced in 2019, the Group strengthened its financial foundations, as reflected by the level of available cash, which amount to approximately PLN 700 million at the end of the first quarter of 2020. This improves the level of business security during a period of high uncertainty related to the economic situation worldwide.
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