PCC Rokita 2016 net profit increases significantly

WSE-listed chemicals producer PCC Rokita had a PLN 202.72 million consolidated net profit in 2016, up from PLN 84.75 million last year (139.2 percent y/y growth). Operating profit stood at PLN 234.3 million vs. PLN 102.86 million in 2015. Revenue from sales amounted to PLN 1.107 billion, slightly up...

Locked content Thousands protests on the International Women’s Day

Several thousand people, mostly females took to the streets in dozens of Polish cities to protest against current Law and Justice (PiS) government and demanded equal rights, including birth control rights, equal pay and “country free from superstitions.” Referring to Catholic Church-inspired conserv...

Locked content Saryusz-Wolski not invited to the EU summit

The Polish government’s candidate for president of the European Council, Jacek Saryusz-Wolski, will not be invited to attend the EU summit to present his program, the Maltese presidency of the European Union said. “The reason is that you need unanimity from all heads of state to invite somebod...

Locked content PGE with PLN 1.37 bln net profit in Q4. Plans to sell Exatel in Q2

WSE-listed state-owned power utility PGE posted PLN 1.336 billion attributable net profit in Q4 and PLN 2.57 billion for the whole 2016 financial year. Slight increase over the preliminary results released earlier. Revenue stood at PLN 7.52 billion in Q4 and PLN 28.09 billion for the whole year, rep...

Locked content Play with PLN 7 bln refinancing deal

Play mobile operator strikes has signed a PLN 7 billion deal with a group of financial institutions, the company said in a market filing. “The loan will be used to refinance the outstanding debt of the group and a revolving credit facility,” the statement read. The consortium includes Alior Bank, BZ...

Cornerstone laid for Mennica Legacy Tower offices in Warsaw

Developer Golub GetHouse has held a cornerstone-laying ceremony at the construction site of the Mennica Legacy Tower office project, which it is currently developing, in cooperation with Mennica Polska, in the Wola district of Warsaw. Builder Warbud is the general contractor of the scheme, which is ...

Locked content Report: 54% of companies to increase CAPEX

As many as 54 percent of large companies and 41 percent of medium ones, plan to increase their investment spending this year, a report by the Lewiatan business organization showed. Small companies are less interested in increasing the CAPEX this year, only 33 percent of them plan on increase spendin...