Locked content PKN Orlen posts PLN 1.92 bln attrib. net profit in Q1

WSE-listed fuel giant PKN Orlen had with a PLN 1.92 billion attributable net profit in Q1, up from PLN 337 million y/y. EBIDTA amounted to PLN 2.84 billion, compared to PLN 1 billion the year before. Revenue stood at PLN 2.27 billion compared to PLN 478 million result in Q1 last year. EBITDA earning...

Locked content Polish insurers with 25% increase in net profits in 2017 – KNF

According to the financial market regulator KNF data, Polish insurers will sport a 25.8 percent increase in net profits this year to PLN 5.25 billion. KNF made the calculations based on forecasts provided by insurers themselves. The property and casualty sector should grow by an impressive 324.94 pe...

Locked content mBank posts PLN 218.8 mln attrib. net profit in Q1

WSE-listed mBank posted an attributable net profit of PLN 218.8 million in Q1, down by 25.2 percent q/q, and 2.9 percent below the market expectations. Net interest earnings amounted to PLN 749 million, down by 0.6 percent q/q, with interest revenues down by 2 percent, and costs declining by 6.6 per...

Locked content FinMin: 8.5 mln Poles filed their taxes online

As many as 8.57 million Poles have filed their annual personal income tax declarations online, the Finance Ministry said. Compared to last year, that figure is higher by nearly a million. Overall, last year some 8.4 million Poles filed their taxes online, which makes this year’s result a record-high...

Locked content PGNiG to receive first supply of US LNG in June

WSE-listed gas producer PGNiG signed a deal with US Cheniere Energy for the supply of US-made LNG, which is a first such deal in the region, PGNiG said. “We found a new trade partner in the US, and North America has become another region, after Norway and the Middle East from where we can acquire re...

Locked content PGNiG expects record gas sales in 2017

According to KHM’s deputy CEO Maciej Woźniak, the state-run gas giant PGNiG will see record-high gas sales this year. “Q1 has given reasons to expect that this year will be a record year in terms of natural gas sales,” Woźniak said. The company increased sales in Q1 by 12.7 percent y/y to 8.89 billi...

Locked content CI Games stock plummets after negative game reviews

The stock of WSE-listed game developer CI Games have dropped by some 45 percent since Tuesday, when its latest game Sniper: Ghost Warrior 3 was released to unfavorable reviews. According to review aggregator website Metacric, the game currently has 54 rating out of 100. The company’s admits that the...

Locked content ING Bank Śląski to set up a mortgage bank

WSE-listed ING Bank Śląski has filed a motion to the financial institution watchdog KNF for permission to establish a mortgage bank, the lender said in a market filing. The share capital of ING Bank Hipoteczny is set at PLN 50 million and will be fully taken up by the lender. Currently, there are th...

Locked content Lotos with PLN 410.9 mln attributable net profit in Q1

WSE-listed fuel giant Lotos reported a Q1 attributable net profit of PLN 410.9 million, up by 297 percent y/y. In q/q terms, the profit grew by 32 percent. The margins were down due to maintenance shutdowns, but results were boosted by rising fuel prices. Sales revenues stood at PLN 5.44 billion, a ...

Locked content BZ WBK profit down, but beats expectations

WSE-listed BZ WBK bank had a PLN 453 million Q1 net profit, down by 18.6 percent y/y, but above expectations which stood at PLN 445 million. Net interest income amounted to PLN 1.25 billion, down by 1.6 percent q/q, and 11.5 percent increase y/y, fee earnings stood at PLN 475.19 million, down from P...