Locked content Enterprises financial result down 6.7% in H1 – GUS

Non-financial enterprises in Poland had PLN 62.4 billion combined net financial result in H1, a decrease of 6.7 percent versus a year ago, Poland’s Central Statistical Office (GUS) reported. Net profit amounted to PLN 76.4 billion down 2.3 percent y/y. Net loss widened by 23.8 percent and stood at P...

Locked content Family: child’s school needs at PLN 101-500 per month

An average monthly budget of a Polish family for a child’s school needs amounts to PLN 101 – 500, according to Santander Consumer Bank research. In Poland there are 4.6 million children who will go to school in 2018/2019. Parents normally cover costs related to the education with current...

Locked content Klabater plans market debut in H1 2019

Founded by CDP.pl game producer Klabater plans a market debut in H1 2019, the company informed. Klabater added that it established a unit Klabater Inc in the USA to conduct marketing activities. In the future, Klabater Inc will also be used to organize crowdfunding campaigns, such as Kick Starter, K...

Locked content PCC Intermodal plans delisting from WSE

Polish Financial Supervision Authority KNF approved PCC Intermodal application for rematerialization of shares and set the term for August 11, PCC Intermodal informed. The company also said it plans to apply for delisting from the Warsaw Stock Exchange. On Tuesday PCC Intermodal reported a consolida...

Locked content Unimot appoints Adam Sikorski as new CEO

Fuel trader Unimot named Adam Sikorski new CEO. Sikorski will replace Maciej Szozda. The company also dismissed Marcin Zawisza from being Vice-President of the Management board and appointed Robert Brzozowski to this post. Marek Moroz was chosen Vice-President for financial affairs. Changes in the m...

Locked content Dino Polska Q2 net profit up at PLN 70.5 mln

Q2 consolidated net profit of food retailer Dino Polska grew to PLN 70.5 million from PLN 46.7 million y/y. Operating profit rose to PLN 97.7 million from PLN 68.1 million a year ago. EBITDA increased by 27.4 percent to PLN 124.6 million. EBITDA margin fell by 0.1 percentage point compared to Q2 201...

Locked content Braster strategy requires PLN 50 mln funds

Braster reviewed its strategic options and estimated that it needs to obtain PLN 50 million for their realization. The funds should allow international expansion of Braster products for consumer and professional use. Cukierman & Co. Investment House Ltd. will act as an adviser during the entire ...

Cornerstone laid for DSV offices in Warsaw

A cornerstone-laying ceremony has been held at the construction site of an office building in Warsaw’s Mokotów district, which will be occupied by the shared services division of Danish TSL sector company DSV. The six-story property, which will be able to accommodate more than 1,500 employees, is be...

EPP signs Malta Office Park lease deals

Investor EPP has secured two lease agreements for a total of almost 2,000 sqm at its Malta Office Park complex in Poznań. BAE Systems has taken up additional space at the property increasing the amount of area it occupies in the location from more than 1,200 sqm to over 2,400 sqm. For its part, Loco...

Over 8,000 sqm leased at Warsaw’s North Gate building

Lease transactions for a total of more than 8,000 sqm of office space have recently been signed at the North Gate building in central Warsaw. The deals were signed with three current occupiers – Sanofi (renewal and extension), Phoenix Chemicals Trading (renewal) and Sigma Connectivity (extension) – ...