Locked content WSE to exclude B.A.C.D. shares. Suspends 4 other companies

The Warsaw Stock Exchange suspended trading of four companies – Chinese shoe soles producer Fenghua SoleTech, and car part manufacturer JJ Auto, as well as Czech coking coal producer New World Resources and Ukrainian coal miner Sadovaya Group. All of the companies failed to disclose current and prev...

Locked content Nextbike plans IPO in August

Public bike sharing operator Nextbike Polska said that it hopes to be listed on the small-cap, alternative NewConnect market by the end of August pending the regulatory approval. Back in June, the company signed deals with investors to sell 51,000 C shares of the company for PLN 6 million. This woul...

Locked content Balczun steps down as the CEO of Ukrainian railway operator

Wojciech Balczun resigned from his post as the CEO of the state-owned railway operator Ukrzaliznytsia, citing personal reasons. “He made this decision personally, and I respect his decision. “Whatever may be said by anyone, throughout this year there have also been positive changes. I want to thank ...

Locked content KNF: Banking sector down 17.5% in H1

Poland’s banking sector recorded an aggregated net profit of PLN 6.87 billion H1, according to data from the Financial Supervision Authority (KNF), representing a 17.5 percent decline y/y. Net income from banking activity stood at PLN 30.5 billion and decreased by 1.9 percent y/y. Banks’ net interes...
Image: Echo Investment

Echo Investment launches new residential project in Wrocław

Warsaw Stock Exchange-listed developer Echo Investment has launched construction on its Zebra residential project in Wrocław, which will comprise a total of 225 apartments in two buildings. The scheme is located on the bank of the Oder river and is scheduled to be completed in the third quarter of 2...

Locked content Energa with PLN 542 mln EBITDA in Q2

WSE-listed utility Energa had a PLN 542 million EBITDA in Q2, according to the company’s financial results, up by 21.8 percent y/y. The company had PLN 174 million net profit in Q2, last year, the company had a PLN 127 million net loss in the corresponding period. The company had PLN 2.48 bill...

Locked content Bank Pocztowy with potential PLN 500 mln subordinated bond program

State-owned Bank Pocztowy is planning a 500 million bond program, the company said in a market filing. According to the lender, the bonds could be issued as subordinated bonds. They will be offered exclusively to institutional investors and could be listed on the WSE’s bond trading platform Catalyst...

Locked content Asseco SSE with PLN 15.45 mln Q2 net profit

WSE-listed Asseco SEE, a unit of Polish IT giant Asseco Poland, posted a PLN 15.45 million Q2 attributable net profit, beating market expectations of PLN 13.1 million. This is a 26.7 percent y/y increase. EBITDA amounted to PLN 27.7 million, 20.9 percent y/y growth while revenues were at PLN 149.82 ...

Locked content EGB Investments removed from NewConnect

Listed on the small-cap, alternative market NewConnect, EGB has been delisted after it was acquired by WSE-listed debt collector GetBack, and its free float is lower than required 10 percent. GetBack bought EGB back in May, acquiring 99.4 percent of its shares for PLN 207.6 million. EGB Investments ...