Locked content Asseco SEE with PLN 11.7 mln Q1 net profit

WSE-listed Asseco SEE, a unit of Polish IT giant Asseco Poland, posted a PLN 11.17 million Q1 attributable net profit, beating market expectations of PLN 9.6 million. This is a 9.5 percent y/y increase. EBITDA amounted to PLN 23.9 million, 7.2 percent y/y growth while revenues were at PLN 138.6 mill...

Locked content Coal sales up in March

Polish coal miners sold 5.58 million metric tons of coal in March, up by 0.49 million tons m/m and down by 0.48 million tons y/y the Industry Restructuring Agency (ARP) said. Coal production in March amounted to 5.6 million tons, up from 5.18 million tons in February, and down by 0.36 million tons i...

NBP reserves drop in April

Poland’s Central Bank’s (NBP) reserves stood at €93.54 billion at end-April and were some €3.3 billion lower than the month before, according to the NBP’s official reserve data. Reserves denominated in USD have decreased by $5.9 billion to $113.54 billion. The PLN-denominated reserves stood at...

Locked content New car registrations up by 11% y/y in Q1

As many as 139,900 new passenger cars were registered in Q1, 11 percent more than in the corresponding period of last year, according to a report prepared by consultancy KPMG and sector lobby PZPM. “Despite the significant increase in registration by individual customers, we have been dealing ...

Locked content Road accidents claim 72 lives during May break in Poland

During the long May holiday week (April 27-May 6) as many as 72 people have died and 1,081 have been injured in 850 road accidents nationwide. Furthermore, police stopped 3,582 drunk drivers. As with each year, many Poles took advantage of having two public holidays in the beginning of May (May 1 an...

Locked content GetBack to unveil restructuring plan. Acting CEO resigns

Troubled WSE-listed debt collector Getback will ask unsecured creditors to accept 34.64 percent of their debt payments in equity and pay out the rest of the debt in payments spread out till end-2025, the company’s restructuring proposal submitted to the regional court shown. The majority of the cash...