Locked content JSW Q3 profit way below consensus

WSE-listed miner JSW had PLN 360.4 million Q3 net profit, 35 percent below the analysts’ consensus polled by the Polish Press Agency (PAP). In the corresponding period last year, the company posted PLN 139 million loss. Revenues amounted to PLN 1.99 billion, up by 19.2 percent y/y, while EBITD...

Locked content Multimedia with Q3 loss

WSE-listed cable TV operator Multimedia Polska had PLN 1.91 million Q3 net loss, compared to PLN 10.3 million profit last year. After it sold its energy distribution in July this year its results are omitted from the company’s results, and as a result, they’re incomparable with last year’s, the comp...

Locked content Getin Noble Bank widens its Q3 net loss

WSE-listed Getin Noble Bank had a PLN 75.13 million net loss in Q3, compared to PLN 26.54 million loss the year before. Income from interest contracted to PLN 325.71 million vs. PLN 328.86 million in Q3 2016, while fee income increased by 39.6 percent y/y to PLN 40.41 million. Bank’s assets at...

Locked content Poland seeded in the top pot for the World Cup group draw

After the qualification stage for the 2018 World Cup has been concluded, FIFA announced the full seeding lists for the group draw. Poland will be drawn from the strongest first pot, along with the hosts Russia, Germany, Brazil, Portugal, Argentina, Belgium, and France. One team from each pot is draw...

Locked content GetBack acquires €637 mln Spanish debt portfolio

WSE-listed debt collector GetBack won the tender to buy debt portfolios with a combined nominal value of  €637 million from an unnamed Spanish bank, the company said in a market filing. The company declined to release the price it paid, but according to the filing it is “a market price for such asse...

Locked content Poles wait to buy Christmas gifts until the last moment – report...

More than half of Poles (57 percent) is waiting to buy Christmas presents at the last minute, according to a study conducted by Kantar TNS, for the global e-commerce giant eBay. The biggest reason for such procrastination is lack of time and promotional offers. “The tradition of giving presents next...

HICP inflation at 1.6% in October – Eurostat

The harmonized index of consumer prices for Poland stood at 1.6 percent year-on-year in October, the same as in September, according to data released by the EU’s statistics office Eurostat. In month-on-month terms, prices increased by 0.4 percent.

Locked content URE: more clients change their electricity and gas providers

According to data released by the Energy Regulatory Office URE, some 715k customers have changed their electricity provider at end-Q3. In the same period, 122k households and companies switched their gas providers. During the first nine months of the year, as many as 529k households decided to chang...