Locked content Electricity consumption up 2.3% y/y in July – grid operator PSE

Electricity consumption increased by 2.3 percent y/y in July to 13.428 GWh, while production grew by 1.9 percent y/y to 13.153 GWh, the national grid operator PSE said. Year-to-date, the consumption amounted to 96.953 GWh, a 2.3 percent y/y increase, while production reached 96.166 GWh, a 3.8 percen...

Locked content Best with UOKiK approval to takeover Kredyt Inkaso

WSE-listed debt collector Best, received the regulatory approval from the antitrust watchdog UOKiK to takeover its competitor Kredyt Inkaso. This way, the last regulatory hurdle to complete the tender for its shares have been cleared. Back in July, Best announced a tender offer for 4.27 million shar...

Locked content Brand24 mulls IPO

The shareholders of software firm Brand24 changed the company’s status in a move aimed at prepping the company for the stock debut on the small-cap, alternative NewConnect market, the company announced. “We want to use our current growth to further develop the company. I can confidently say that the...

Locked content BizTech Konsulting to debut on NewConnect on August 21st

IT consulting firm BizTech Konsulting will debut on the small-cap, alternative market NewConnect next Monday, the WSE announced. The company provides IT services and at present BizTech Konsulting activities include consulting, advising on the selection and maintenance of Oracle licenses, ensuring th...

Locked content Open Finance with PLN 9.38 mln Q2 loss

WSE-listed financial advisory firm Open Finance recorded a PLN 9.38 million net loss in Q2, compared to a PLN 23.64 million loss the year before. Operating loss amounted to PLN 0.19 million vs. PLN 31.54 million loss a year earlier. Consolidated sales revenues amounted to PLN 90.19 million in Q2 com...
Image: shutterstock

GDP growth at 3.9% in Q2 – flash estimate

Poland’s gross domestic product grew by 3.9 percent year-on-year in the second quarter of 2017, according to a flash estimate published by the Central Statistical Office (GUS). The quarter-to-quarter growth was at 1.1 percent.

Locked content Bytom with PLN 5.6 mln Q2 net profit

WSE-listed fashion retailer had a PLN 5.6 million net profit in Q2, up by 29.4 percent y/y, and a 500 percent q/q loss. The H1 net profit at PLN 4.2 million was down by 13 percent y/y. Revenues amounted to PLN 52.4 million, up by 30.4 percent y/y. H1 revenue stood at PLN 87.5 million…

Locked content PZU expects over 30k claims after last week’s storms

WSE-listed, state-run insurer PZU expects the total number of claims filed in the aftermath of last week’s storm to “significantly exceed 30k,” the company said. So far the number of property and farm damage claims reached 16k, while the number of vehicle damage claims is in the 6k range. The compan...

Locked content Retail investors on the rise on the WSE

Retail investors share in the turnover on the WSE main market increased in H1 by 5 percentage points y/y to 18 percent. The trade is still being dominated by foreign investors, who are responsible for 52 percent of the bourse turnover (down by 2 percentage points). Domestic institutional investor’s ...

Locked content Rafako to build power units in Indonesia for €73 mln

WSE-listed industrial builder Rafako won the tender to build two 50 MW coal-fired steam power units in Indonesia for €70.3 million. Rafako’s bid was part of the consortium one and constitutes some 35 percent of the total bid value. The construction works are due for completion in 39 months…. ...