Locked content Kopex 2017 net result turns to profit of PLN 67.5 mln

Kopex reported 2017 net profit from continuing operations of PLN 67.5 million compared to the loss of PLN 785.5 million a year ago. Consolidated revenue fell to PLN 749.4 million from PLN 777.2 million in 2016, the company reported. “The drop in revenues amounted to PLN 27,758 i.e . by 3.6 percent. ...

Locked content Groclin reports net loss of PLN 84 mln in 2017

Automobile seating manufacturer Groclin recorded a consolidated net loss of PLN 84 million in 2017, compared to PLN 0.45 million net profit in 2016. The operating net loss amounted to PLN 85.4 million versus PLN 7.6 million a year ago. Consolidated revenue grew to PLN 293.5 million from PLN 260.8 mi...

Locked content GPW hopes to resume cooperation with Tel Aviv Stock Exchange

The Warsaw Stock Exchange counts on resuming cooperation with the Tel Aviv Stock Exchange, WSE president Marek Dietl said on Friday. “I hope that after the ownership transformation we will return to operational cooperation, at the moment they are busy with other things. But I hope that we will coope...

Locked content PLN 3-6 bln T-bonds on offer in May – FinMin

The ministry of finance will offer PLN 3-6 billion worth of treasury bonds at a public tender scheduled for May 24, the ministry stated. By end-April, as much as 55 percent of the budget’s loan needs for the entire year have been financed, with PLN 60 billion on the budget’s balance sheet at the end...

Stable interest rates longer than expected – RPP ‘minutes’

During the April meeting of the Monetary Policy Council (RPP), the council agreed that interest rates should remain unchanged and that the likelihood that they will remain stable over the next quarters has increased, according to the “minutes” from the meeting published by the NBP. The majority of R...

Locked content Stalprodukt with PLN 254.45 mln in net profit

WSE-listed steel products manufacturer and distributor Stalprodukt posted PLN 254.45 million in consolidated net profit for 2017, down from PLN 325.78 million recorded in 2016, the company stated. Preliminary reports put the figure at PLN 253.31 million. Operational profit came in at PLN 359.61 mill...

Locked content Rafako wins gas pipeline tender for PLN 124.9 mln

Energy machinery producer and construction firm Rafako has won a tender for the construction of a section of the Szczecin-Gdańsk gas pipeline between Goleniów and Płoty. The value of the offer was PLN 124.9 million net (PLN 153.6 million gross). The section is 41 kilometers long and is scheduled to ...

Madison acquires 50% stake in Warsaw Spire skyscraper

Investor Madison International Realty has acquired a 50-percent stake in the Warsaw Spire office tower in the Polish capital from developer Ghelamco. This is one of the biggest investment transactions to have been signed in the Polish office property market with the value of the skyscraper having be...

Atal issues PLN 70 mln worth of bonds

Warsaw Stock Exchange-listed developer Atal has issued a new series of bonds that are valued at PLN 70 million and will mature in April 2021. The company will use the funds raised through the issuance for the acquisition of land and the construction of selected projects, said vice president of the m...

DSV takes up 9,000 sqm in Gdańsk

Logistics operator DSV Solutions has leased 9,000 sqm of warehouse space at Goodman’s Pomeranian Logistics Centre complex in Gdańsk. JLL advised the tenant on selecting the location and negotiating the lease agreement. The Pomeranian Logistics Centre is a multimodal logistics center located near Gda...