Locked content Rafako with PLN 125 mln deal

Gas infrastructure construction company Rafako has signed an agreement with Gaz System for the construction of the Goleniów-Płoty section of the gas pipeline DN 700 Szczecin-Gdańsk, Rafako stated. The value of the contract is PLN 124.9 million net, which equals to PLN 153.6 million gross. The pipeli...

Locked content ATM Group with PLN 18 mln net profit in Q1

WSE-listed TV and film producer ATM Group reported PLN 18.14 million of consolidated net profit in Q1 2018, against PLN 3.63 million recorded in Q1 2017, the company stated. Operational profit stood at PLN 6.55 million, compared to PLN 4.37 million a year earlier. Consolidated revenue came in PLN 58...

Locked content 11 bit studios replaces Ursus in mWIG40

Games design studio 11 bit studios will replace Ursus in the mid-cap mWIG40 index and mWIG40TR after the June 15 session, WSE informed in a statement. The small-cap sWIG80 and sWIG80TR indices will include four new companies: Colian, Ovostar, Ten Square Games and Ursus, which will replace 11 bit stu...

Locked content Rail cargo transport up 5.7% y/y in April

The volume of goods transported by rail in April increased by 5.7 percent y/y to 20.4 million metric tonnes, the Rail transport Office informed. In April 2017, 19.3 million tonnes of cargo were transported by rail, while a year earlier the April volume stood at 17.6 million tonnes. Over the first fo...

Locked content GetBack will verify restructuring plan within 2-3 months

GetBack, which released unaudited results for 2017, estimates that it will review the restructuring plan presented earlier in 2-3 months’ time. The company is working towards reducing costs. In the first quarter it will continue cleaning its balance sheet, GetBack representatives said on Wedne...

Locked content Economic poverty fell to 4.3% in 2017 – GUS

In 2017 extreme poverty rate was down at 4.3 percent, a decrease of 0.6 percentage points compared to 2016, according to the results from Central Statistical Office (GUS) data. The situation improved in particular in rural areas. It is highly probable that the factors that contributed most to the im...

Locked content Elektrobudowa cuts 2018 net profit forecast to PLN 27.3 mln

Elektrobudowa Group lowered its net profit forecast to PLN 27.3 million from PLN 46 million in 2018, the company said in a statement. According to the new outlook, Elektrobudowa SA’s net profit is to reach PLN 34.8 million, not PLN 41.9 million as assumed earlier. Elektrobudowa still sees 2018...

Locked content Qumak appeals against ruling in favor of Oracle Polska

Qumak filed an appeal against a court ruling ordering the company to pay PLN 8.22 million along with statutory interest for delay, as well as costs of the trial and legal representation in the total amount of PLN 39,400. Earlier on May 23, District Court in Warsaw ordered Qumak to pay Oracle Polska ...

Locked content Erbud signs PLN 95 mln deal with Vantage

Construction company Erbud has signed an agreement with companies from the Vantage Development group to construct stage three of the Dorzecze Legnickiej in Wrocław, comprising 204 units, and stage 10 in the Promenady Wrocławskie residential project, offering 233 apartments and 6 retail units. The va...