Locked content Kulczyk siblings top richest Poles ranking – Forbes

Dominika and Sebastian Kulczyk, children of the late Jan Kulczyk, for the second straight year, topped the Forbes richest Pole list. Their combined worth, was estimated at PLN 14.3 billion and was lower by PLN 1.6 billion than the previous years’ result. Second on the list is Michał Sołowów, w...

Locked content Two MPs leave Kukiz’15 caucus

Two MPs, Magdalena Błeńska and Anna Siarkowska have left the Kukiz’15 parliamentary caucus, citing “lack of communication within the club especially with its leader, and inability to solve internal problems by the party leadership,” the web portal 300polityka.pl claimed. According to KukizR...

Unemployment grows in January

Poland’s unemployment rate in January stood at 8.6 percent, a 0.3 percent increase month-on-month, the Ministry of Labor, Family and Social Policy said. The number of registered unemployed grew to 1.397 million compared to 1.335 million in December.

Locked content Eurocash Q4 profit below consensus

WSE-listed FMCG retailer had PLN 66.9 million attributable net profit in Q4 2016 year-on-year, 28 percent below expectations, the company’s Q4 financial report showed. Group sales were up up 12.3 percent y/y to PLN 569.2 million. “Particularly strong growth was recorded in sales to clients bei...

Locked content Unibep posts PLN 31.8 mln net profit in Q4, up by 36.5% y/y

WSE-listed builder Unibep posted a PLN 31.8 million net profit in Q4 2016 vs. PLN 23.3 million a year earlier, the group said in a market filing on preliminary results. Attributable net profit measured PLN 31.4 million, while revenues were at PLN 1.25 billion (0.5 percent y/y growth). The final 2016...

Locked content Unimot raises PLN 99 mln in IPO

Fuel and gas trader Unimot sold of the shares offered in its IPO. Some 2.2 million shares were sold at PN 45 apiece, putting the total value of the offer at PLN 99 million, the company said in a market filing. Unimot planned to raise PLN 85 million from the IPO. The company, currently listed…

Warimpex selling five hotel assets in Poland

Vienna and Warsaw Stock Exchange-listed developer and investor Warimpex has sold its stakes in a total of eight hotels in the Czech Republic, Poland and Romania to the Thai developer and investor U City for a combined €180 million. Five Polish assets – andel’s by Vienna House Łódź, andel’...

Locked content LPP profit falls in Q4, revenue up

WSE-listed clothing retailer LPP had PLN 158.2 million in Q4, down from PLN 172.3 million year-on-year. The revenue amounted to PLN 1.85 billion in Q4, which is a 17.8 percent growth y/y. For the whole year, the company had PLN 175.9 million in profit (8.2 q/q and 49.9 percent y/y decline) and PLN 6...