Locked content Kruk hungry for acquisitions

According to the CEO of WSE-listed debt collector Kruk, Piotr Krupa, the company wants to increase its M&A activity. “We feel strong and ready to consolidate the market. I think there will be such occasions. The competitive pressure on the market in previous periods was significant and a lot of ...

Locked content JSW 2017 results soar

WSE-listed coal miner JSW had PLN 747.8 million Q4 net profit, up by 153.7 percent y/y, while revenues reached PLN 2.19 billion, a 1.2 percent increase. EBITDA was up by 58.9 percent at PLN 1.11 billion. For the whole year, JSW had PLN 2.53 billion net profit, an impressive 37,794 percent y/y growth...

Locked content CCC Q4 net profit drops

WSE-listed footwear producer and retailer CCC had PLN 148.7 million net profit in Q4, down by 22.7 percent y/y. Revenues stood at PLN 1.36 billion, up by 20.9 percent, while operating profit dropped by 13.2 percent y/y to PLN 188.9 million. For the whole year, CCC had PLN 303 million net profit, dow...

Locked content TFI assets inch down by 0.2% in February

The assets of Polish investment funds (TFIs) decreased by 0.2 percent month-on-month to PLN 283.2 billion in February, according to Analizy Online. Cash funds saw the biggest growth by 5.1 percent, followed by real estate funds (1.3 percent). The biggest drop was in equity assets, which contracted b...

Locked content GetBack finds Israeli investors interested in providing funding

WSE-listed debt collector GetBack has received declarations from three Israeli investors regarding possible capital injection, the company said in a market filing. They include Shavit Capital Fund, Leumi Investment Services, and Cukierman & Co Investment House. “These are entities operating on i...

Locked content KGHM CEO dismissed due to losses on foreign assets – Tchórzewski

The CEO of WSE-listed, state-run copper and silver giant KGHM, Radosław Domagalski-Łabędzki was dismissed, as the company was generating losses on its foreign assets, Energy Minister Krzysztof Tchórzewski said. “The supervisory board expected changes to KGHM’s operations abroad. The company is...

Locked content Polimex with PLN 130 mln deal with PERN

WSE-listed builder Polimex-Mostostal through its subsidiary signed a PLN 130 million consortia deal to build oil storage tanks and necessary infrastructure for the state-run gas pipeline operator PERN. The tanks will be constructed in the company’s fuel deposits in Nowa Wieś Wielka and Koluszki. Pol...

Locked content Poland to get PLN 609 mln in EU funding for railway projects

The EU will provide PLN 609 million in financing for three railway projects, the Center for EU Transport Projects announced. The projects include the construction of the new Wrocław Szczepin on the 143 line along with the reconstruction of the railway viaduct and the necessary infrastructure”....

Locked content Energy Ministry supports ‘full’ integration of Orlen with Lotos

The Ministry of Energy hopes that the merger of the state-owned fuel refiners Orlen and Lotos will be “full.” “We have to achieve full integration, otherwise it would make no sense,” Energy Minister Krzysztof Tchórzewski said. The proposed merger would see Orlen buy some 58 percent of Lotos shares c...