Locked content Eurocash Q3 profit below consensus

WSE-listed FMCG retailer had PLN 35.7 million attributable net profit in Q3 2017, 39.1 percent lower y/y, and below the PLN 60.6 million expectations. Group sales were up 7.4 percent y/y to PLN 6.18 billion, mostly due to consolidated sales from acquired companies such as EKO Holding and PDA. Q3 EBI...

Locked content Agora with smaller Q3 loss

WSE-listed media group Agora recorded a consolidated net loss of PLN 2.2 million in Q3, against PLN 14.5 million loss a year earlier, the company said in its report. Revenues amounted to PLN 251.4 million, compared to PLN 273.4 million a year earlier. EBIT loss was PLN 9.1 million, compared to a PLN...

Locked content Fuel prices soar

Average fuel and diesel prices grew by PLN 0.11, while LPG prices inched up by PLN 0.03 last week, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.73/liter, diesel at PLN 4.61/liter and LPG at PLN 2.18. This week, prices should continue to grow, as to-da...

Locked content Tauron picks Torpol for PLN 367 mln contract

WSE-listed railway infrastructure builder Torpol won the tender organized by WSE-listed utility Tauron for design, construction, and launch of a rail system the new power block at the Jaworzno plant. The value of the deal is PLN 367.28 million net (PLN 451.75 million gross), and Torpol was the only ...

Locked content PiS support slightly drops – Kantar Public poll

According to the latest poll by Kantar Public, if elections took place now, 38 percent of Poles would vote for ruling Law and Justice (PiS), while 18 percent would vote for Civic Platform (PO). PiS support declined by 3 percent, while PO’s remained unchanged. Other parties that would get into ...

Wages rise in Q3 – GUS

According to data released by the Polish Central Statistical Office (GUS), the average wage in Q3 grew by 4.9 percent year-on-year, and stood at PLN 4,255. In q/q terms, the average salary increased by 0.8 percent.

GUS: Foreign trade surplus reaches PLN 8.24 bln at end-Q3

After the third quarter of 2017, the foreign trade surplus reached PLN 8.24 billion compared to PLN 13.5 billion surplus last year, according to the Central Statistical Office (GUS). At end-Q3, exports amounted to PLN 640.54 billion, while imports totaled PLN 632.62 billion.

Locked content OT Logistics wants to increase its stake in Luka Rijeka

WSE-listed logistics operator OT Logistics will announce a tender offer for 43,39 percent in Croatian port Luka Rijeka at HRK 50 per share, OT Logistics said in a market filing. The company currently holds 32.56 percent shares in the company which controls the facility but has signed agreements with...

Locked content Thousands of white nationalists march on Independence Day

As many as 60,000 people, including many far-right white supremacists, marched in Warsaw on Polish Independence Day on Saturday. Many smaller marches took place in other Polish cities that day, with some of them also prominently displaying racist banners and symbols. Demonstrators with faces covered...

Locked content PiS submits changes to the electoral law

Poland’s ruling Law and Justice (PiS) party announced its proposed changes to the election law ahead of next year’s local elections. “We will introduce two terms for mayors and presidents starting from 2018. (We also plan) to replace majority electoral law with a proportional system,” PiS MP Łukasz ...