Locked content KGHM sacks CEO

WSE-listed, state-run silver and copper giant KGHM dismissed its CEO Dominik Łabędzki-Domagalski effective immediately and appointed its deputy CEO for production Rafał Pawelczak as acting CEO, the company said. Also losing his job was deputy CEO Michał Jezioro. Łabędzki-Domagalski was in charge at ...

Locked content Asseco with PLN 466 mln profit in 2017

WSE-listed consolidated net profit for 2017 amounted to PLN 466 million, the company said announcing its preliminary results. Operating profit was estimated at PLN 585 million and was affected by a PLN 80.1 million goodwill amortization charge on the public administration segment. At the same time, ...

Locked content Fuel prices again drop

Average fuel and diesel prices decreased by PLN 0.02 last week, while LPG prices dropped by PLN 0.01, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.61/liter, diesel at PLN 4.51/liter and LPG at PLN 2.02. “The fall in wholesale fuel prices on the domest...

Locked content PiS supports edges up, PO drops – CBOS poll

Ruling Law and Justice (PiS) party support has increased by 1 percentage points to 44 percent, according to the poll conducted by CBOS. Civic Platform (PO) was second with 14 percent support, down by 3 percentage points m/m. Kukiz ’15 and Nowoczesna were third with 6 percent, (1 pps drop and growth ...

Locked content PGE tenders 1.2 mln shares in Kogeneracja

WSE-listed power group PGE acquired 1.2 million shares in its cogeneration unit Kogeneracja for PLN 81.8 apiece in the tender offer. The company planned to buy up to 2.38 million such shares representing a 16 percent stake. After acquiring the Polish assets of EDF, which included Kogeneracja, PGE ow...

Locked content Coal sales down in January

Polish coal miners sold 5.4 million metric tons of coal in January, similar in m/m terms and down by 0.5 million tons y/y the Industry Restructuring Agency (ARP) said. Coal production in January amounted to 5.2 million tons, while its inventories stood at 1.5 million tons, compared to 2.69 million t...

Locked content OncoArendi plans IPO for March/April

Biotechnological firm OncoArendi Therapeutics, which specializes in oncological pharmaceuticals, plans to offer 500k-2 million new shares under its IPO planned for the turn of March and April, the company said. “The company’s intention is to offer some 90 percent of shares to institutional inv...

Locked content Novaturas sets issue price at €10.5

WSE-bound Lithuanian tour operator Novaturas set the issue price in its IPO at €10.5 or PLN 44.13 apiece and will offer 27 percent stake. Initially, the company set the maximum price at €13.5 and 50 percent stake with an option to sell another 16 percent if the investor’s interest was sufficie...

Locked content Idea Bank 2017 profit soars

WSE-listed Idea Bank’s net profit in 2017 amounted to PLN 230.8 million, up from PLN 40.85 million profit a year earlier, the bank reported. This result does not include the result on the sale of 25.01 percent stake in Idea Leasing SA, the impairment loss on Open Finance, the update of Sky TowerR...

Locked content AmRest 2017 net profit slightly down

WSE-listed restaurant operator AmRest posted a PLN 182.28 million consolidated net profit in 2017, down from PLN 190.56 million in 2016. Revenues amounted to PLN 5.26 billion, up from PLN 4.2 billion in the previous year. “Favorable consumer trends, strong position of our brands, dynamic organic gro...