Centrum Królewska offices in Warsaw fully leased out

Towarzystwo Funduszy Inwestycyjnych has leased over 500 sqm of office space in the Centrum Królewska building in downtown Warsaw with the deal having been brokered by Cushman & Wakefield. The office part of the property, which is located at the intersection of ul. Marszałkowska and ul. Królewska...

Locked content KGHM Q2 net profit shrinks to PLN 171 mln

Mining giant KGHM Polska Miedź recorded Q2 consolidated net profit of PLN 171 million compared to PLN 341 million a year ago.  The profit decline was mainly due to an increase in depreciation/ amortization, the recognition of provisions and lower result on the involvement in joint ventures, KGHM wro...

Locked content Erbud in consortium wins PLN 123 mln tender

The consortium consisting of construction company Erbud, its unit PBDI, and Electrum secured an order for construction and commissioning of the Potęgowo-Wschód wind farm. The value of the contract is PLN 123 million net. Electrum’s part amounts to PLN 44.3 million, while Erbud will receive rem...

Locked content Project to trade all electricity on exchange sent for consultation

The Ministry of Energy sent the project obliging power companies in Poland to sell all produced electricity on the country’s energy exchange for consultation. The project was proposed by Minister of Energy Krzysztof Tchórzewsk at the end of July in order to increase liquidity and predictabilit...

Locked content Emperia Holding will be delisted on August 21

Warsaw Stock Exchange decided to delist Emperia Holding shares as of August 21, Emperia Holding informed. Delisting follows Polish Financial Supervision Authority authorization of squeeze-out of all 12.3 million company shares. Emperia Holding has been listed on the Warsaw Stock Exchange since 2002....

Locked content Cognor Q2 net profit jumps to PLN 16.0 mln

Steel producer Cognor Q2 consolidated net profit grew to PLN 16.0 million compared to PLN 6.4 million a year ago. Operating profit jumped to PLN 51.0 million versus PLN 22.6 million y/y. Operating result was helped by rising prices for the company products, Cognor said. Q2 revenue rose to PLN 535.7 ...

Locked content T-Bull Q2 net profit falls to PLN 0.7 mln

Game producer T-Bull recorded Q2 net profit of PLN 0.7 million versus PLN 1.1 million a year ago. Operating profit decreased to PLN 0.9 million from PLN 1.3 million in Q2 2017. Revenue stood at PLN 3.3 million compared to PLN 3.6 million y/y. At the end of June, T-Bull game downloads totaled 339.2 m...

Locked content CI Games will release “Sniper Ghost Warrior Contracts” in ...

CI Games plans to release a new game “Sniper Ghost Warrior Contracts” in 2019, the company said. The game will be released simultaneously for PC, PS4, XboxOne and will be available for both single and multiple players. “Sniper Ghost Warrior Contracts” is the fourth game in &#...

Locked content Hisense plans Gorenje squeeze-out and delisting

Main Gorenje shareholder Chinese Hisense proposed to buy remaining stake at €12 per share, Gorenje said in a statement. Hisense also plans to cut Gorenje share capital to € 101.4 million from €101.9 million and delist the company from Ljubljana and Warsaw stock exchanges. At the moment, Hisense hold...

Locked content Sunday trade ban accelerates e-commerce growth

Sunday trade ban will accelerate penetration of e-commerce in Poland by 0.5 percent this year, by 0.9 percent in 2019 and by 1.2 percent in 2020, Haitong Bank estimated in a report. Most market participants expect that the ban’s impact will be limited, but e-commerce, service outlets, and smal...