Żabka opens 25,000-sqm logistics center in Silesia

Żabka Polska, the owner of one of the biggest chains of convenience stores in Poland, has opened its fifth logistics center that is located in Szałsza near Gliwice. The facility, which comprises approximately 25,000 sqm of space, will service a thousand stores of the company in Silesia and the neigh...

Locked content Wawel will pay dividend of PLN 25/shr

Shareholders of WSE-listed confectioner Wawel decided on the dividend payment of PLN 25 per share or PLN 37.49 million in total for 2017, the company said. The dividend will be distributed for 1.5 million company shares. The record date is set for July 2, while the dividend will be paid on July 10. ...

Locked content Symbio Polska lowers 2018 sales forecast

Symbio Polska targets sales of frozen vegetables and fruit at PLN 12 million in 2018 compared to PLN 16.5 million estimated earlier. The company expects 2018 revenue from retail sales at PLN 11 million versus PLN 17.3 million seen before. The pressure of suppliers from outside the European Union in ...

Locked content PKN Orlen gets approval for Unipetrol squeeze out

PKN Orlen received from the Czech National Bank an approval to acquire the remaining  5.97 percent of Unipetrol shares owned by minority shareholders. The remaining 94.03 percent stake already belongs to PKN Orlen. The deal value is CZK 380 per share or about CZK 4.11 billion in total. Following the...

Locked content Most Poles check credibility of travel agencies

Nearly 90 percent of Poles who choose package holidays check the credibility of a travel agency before buying a trip, the research of Kapitalni.org reported. About one third do so to make sure a tour operator works legally. However, 18 percent rely only on opinions of internet users and 8 percent tr...

Locked content MPiT sees construction output growing 16.5%

Ministry of Enterprise and Technology (MPiT) analysts raised outlook for construction output growth in 2018 to 16.5 percent. A month ago they forecasted growth of 10 percent. MPiT estimates that sales of products in the construction industry will grow by 6.5 percent. According to the Central Statist...

Locked content Elemental Holding buys 32% in Evciler Kimya

Elemental Holding signed an agreement to acquire 320 shares in its unit Evciler Kimya Madencilik ve Degerli Metaller Sanayi Ticaret Anonim Şirketi (Evciler Kimya). This equals to 32 percent of share capital. The unit is based in Ankara, Turkey. In 2014  Elemental Holding announced that two condition...

Locked content Livechat Software with PLN 48.3 mln net profit in 2017/2018

Livechat Software reported 2017/2018 consolidated net profit of PLN 48.3 million compared to PLN 42.92 million a year earlier. Operating profit amounted to PLN 61.36 million versus PLN 53.35 million y/y. Revenue stood at PLN 89.43 million versus PLN 76.25 million y/y. The results were driven by subs...

Locked content Mercor May orders up 26% y/y

Producer of fire protection systems Mercor recorded May orders at PLN 32 million versus PLN 25.3 million a year ago. This is a 26 percent growth y/y. In the first two months of financial year 2018/2019 (starting in April and ending in March) the group had 33 percent growth. The orders in  April-May ...

CCC grows at Sarni Stok mall

Footwear retailer CCC has renewed its lease agreement for space at the Sarni Stok shopping center in Bielsko-Biała in southern Poland and has taken up additional retail area at the mall. The tenant will soon occupy more than 1,300 sqm in the location (currently it is 700 sqm). Apart from getting big...