Locked content Orlen Q2 profit soars

WSE-listed fuel giant Orlen had PLN 1.74 billion Q2 net profit, up by 20 percent y/y and up by 44.9 percent above market expectations. For H1, the net profit amounted to PLN 2.78 billion down from PLN 3.46 billion the year before. EBITDA amounted to PLN 3.04 billion, down by 30.4 percent y/y, while ...

Locked content PGNiG sold 15.3 bln cubic meters of natural gas in H1

State-owned natural gas provider PGNiG sold an estimated 15.3 billion cubic meters of natural gas in H1 2018, compared to 14.17 billion cubic meters in H1 2017, the company stated. In Q2 sales amounted to an estimated 5.44 billion cubic meters compared to 5.3 billion cubic meters in the previous yea...

Locked content Atal puts more units on sale

Warsaw Stock Exchange-listed developer Atal has launched apartment sales in the second phase of its Atal Kliny Zacisze residential project in Kraków. On offer are a total of 62 housing units and four service units in one building, which is scheduled to be completed in the second quarter of 2020. As ...

Locked content WSE launches new joint rating agency

The Warsaw Stock Exchange (WSE), Polish Development Fund (PFR), the Credit Information Bureau (BIK) and the Institute of Analysis and Rating (IAiR) signed an investment agreement on the creation of a joint rating agency, BIK said in a press release. The new agency will primarily address its offer to...

Locked content Asseco Poland signs two deals with ZUS

Asseco Poland signed a framework agreement with the Social Security Fund ZUS for a total value of about PLN 350 million gross. The agreement is for modification and development of the Comprehensive IT System (KSI). The company also signed another agreement with ZUS on modification of KSI ZUS in acco...

Locked content Trakcja consortium with PLN 686 mln contract for S61

A consortium consisting among others of Trakcja and Mostostal Warszawa has signed an agreement with the General Directorate for National Roads and Motorways (GDDKiA).  Under the agreement for PLN 685.94 million gross the works for construction of the second section of the S61 expressway (part of “Vi...

Locked content Novina buys back 355,533 shares

Novina has bought back 355,533 own shares equal to 20 percent of its share capital, the company wrote in a statement. At the beginning of June, the company wanted to buy back up to 355,533 own shares both listed on the NewConnect market and unlisted ones at a maximum purchase price of PLN 3 per shar...

Locked content World Cup drives small stores sales in June

Sales in small-format stores in Poland increased by 5.4 percent y/y. On monthly basis, a growth stood at  2.4 percent, a market research company CMR said. The number of transactions in June 2018 was 1 percent lower y/y but by almost 3 percent higher m/m. The start of the World Cup in June was accomp...