Financial Ratios

Financial year to analize

Financial year to comparison

	2011	2010
Operating margin (operating profit / sales revenues)	42%	48%
Net profit margin (net profit / sales revenues)	34%	39%
Operating expenses / Sales revenues	58%	52%
Liquidity ratio (current assets / short-term liabilities)	1,33	1,67
Debt ratio (liabilities / total assets)	74%	68%
Profit / Loss per share in PLN	4,40	3,77
ROA (net profit / average asstes)	5%	6%
ROE (net profit / average shareholders' equity)	17%	18%