Klon S.A., a Polish sawmill company, reported a net loss of PLN 2.864 million (€603,000) for the first three quarters of 2025, with revenues of PLN 13.077 million (€2.75 million), down over 18% from PLN 16.007 million (€3.37 million) in the same period of 2024. The magnitude of the losses has triggered alarm under Polish corporate law. Because the losses exceed the sum of supplementary and reserve capital and one-third of the share capital, the company’s management board will convene an extraordinary shareholders’ meeting to determine whether the company ...
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