Locked content Exillon Energy announces delisting

Exillon Energy board of directors has decided to withdraw the company’s stock from trading on the Warsaw Stock Exchange, the company said in a market filing. “The board passed a resolution on the dematerialisation and withdrawal of ordinary shares of the company with a nominal value of $0.0000125 ap...

Locked content Energa to halve the number of subsidiaries

WSE-listed utility Energa plans to trim the number of its subsidiaries, to 22 from the current 48, by the end of Q3 2018, the company’s CEO Daniel Obajtek said. “We have to move towards concentration. Our companies need to increase competencies, employ more people, not only managerial staff but also...

Locked content Asseco SSE with €79.8 mln backlog

WSE-listed Asseco SEE, a unit of Polish IT giant Asseco Poland, has a €79.8 million backlog for 2017, up by 9 percent y/y. Just in Q3, the black amounted to €19.6 million, up by 7 percent y/y. “We are very optimistic about the prospects of the company, not only in H2 of this year, but…

Locked content KNF obligations regarding IPO have not changed – Raiffeisen CEO

According to Raiffeisen CEO, which owns Raiffeisen Polbank, Johann Strobl, said that the Polish Financial Supervision Authority did not expand the banks’ obligation regarding its IPO after postponing the date to May 2018. “The Polish regulator had not tightened the conditions. We want to fulfi...

Locked content Poland 5th in the latest FIFA ranking

Polish men’s national football team has been placed 5th in the latest FIFA ranking. This is the team’s highest position in history. Compared to last month’s standing, Poland advanced by one spot and outranks such football powerhouses as Portugal (6th), France (10th), Spain (11th) a...

Economic climate improves in Q3 – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) increased by 0.15 points quarter-to-quarter and amounts negative  0.1 points in Q3 2017. In year-to-year terms, the index has gone up by 4.1 points.

Locked content Alior Q2 profit up

WSE-listed Alior Bank posted a PLN 99.95 million attributable net profit in Q2, up from PLN 81.66 million last year. Net income from interests soared to PLN 719.37 million, up by 62 percent y/y, fees and commissions were up by 55.3 percent y/y at PLN 118.3 million. Alior’s  total assets stood at PLN...

Locked content Raiffeisen Polbank with PLN 29.69 mln H1 net loss

Raiffeisen Polbank, suffered a PLN 29.69 million attributable net loss in H1 versus PLN 69.77 million profit posted last year, the bank said in a market filing. In Q1, the lender had PLN 46.45 million net profit. The H1 result was affected by the pre-announced PLN 114 million write-down of Polbank b...

Locked content Murapol wants to increase its stake in Awbud to 66%

WSE-listed real eastate developer Murapol has called up the tender for 10,52 stake in WSE-listed builder Awbud at PLN 7.5 apiece. If the tender is successful, Murapol will increase its stake in Awbud to 66 percent. The buyers do not plan on delisting the company. “This is a long-term investment, and...

Polish investment funds assets inch down in July

Net assets under management (AuM) of Polish investment funds contracted by 0.01 percent m/m (PLN 20 million) to PLN 272.92 billion in July, a report by researcher Analizy Online and asset management lobby IZFiA showed. Since January 1, 2017, the AuM increased by PLN 14.4 billion.