Locked content WP profit up. Hopes to match e-commerce revenue with ad sales

WSE-listed media group and operator of the wp.pl portal, Wirtualna Polska had PLN 53.76 million consolidated net profit in 2016 up from PLN 4.33 million in 2015, the company said in a market filing. Revenues were at PLN 415 million, up from PLN 325 million the year before. EBIDTA was at PLN 132.16 m...

Locked content PGNiG sees oil prices to grow by 27% and gas to drop by 25% by 2025

Crude oil prices should increase from the current $55 to some $70 per barrel in 2022, while gas prices will fall from PLN 80 to PLN 60 per MWh, WSE-listed gas giant PGNiG said in its updated strategy. “Increased supply of LNG from the US and Australia will be responsible for the drop in gas… ...

Locked content Integer to shareholders: sell us your shares or we will go bankrupt

Owner of Integer.pl Rafał Brzoska and Advent International equity fund which wants to buy the outstanding 70 percent shares of the company said to its shareholders that if the buyback plan fails, the company might have to cease operations within the next 12 months. Brzoska, who owns 30 percent of th...

Dutch regulator approves Griffin Premium prospectus

Dutch financial market regulator AFM has approved the prospectus of the Griffin Premium RE and forwarded it to its Polish peer KNF, as the real estate company plans to be listed on the Warsaw Stock Exchange. Griffin said it wants to launch IPO in H1 this year.

Locked content Defense Ministry extends helicopter tender

Poland’s Defense Ministry has extended the deadline for the helicopter tender by two weeks, until March 27. The ministry said that one of the potential bidders asked for the extension and the government decided to grant it, rather than excluding the bidder. According to the organizers, the pos...

Locked content Polish MEP suspended after sexist remarks

Janusz Korwin-Mikke, a Polish unafiliated MEP has been suspended for 30 days without pay and banned from parliamentary activities for ten days (with the exception of voting) for his latest remarks. A far-right politician said during the parliamentary debate on gender gap that “women must earn less t...

KNF approves WSE CEO dismissal

Poland’s Financial Market regulator KNF has approved the changes to the Warsaw Stock Exchange Management Board. It authorized recalling Małgorzata Zaleska, from her post as WSE President and approved Jacek Fotek appointment as the bourse Vice President.

Locked content PZU plans PLN 3 bln bond issue

WSE-listed, Poland’s largest insurer PZU plans to issue up to PLN 3 billion subordinated bonds issue, pending shareholders approval. The potential issue would be a private one and could be placed on domestic or international markets depending on market conditions and demand. The lender commiss...