Locked content Banking sector H1 net profit up 17.1% y/y – KNF

The banking sector recorded an aggregated net profit of PLN 7.84 billion in H1, an increase of 17.1 percent versus a year ago, Financial Supervision Authority (KNF) reported. Net interest income in the same period grew by 8.8 percent y/y to PLN 22.44 billion, and net commission income fell by 2.9 pe...

Locked content R22 unit buys stake in Appchance

R22 unit Vercom signed an agreement to invest in Appchance. Under the agreement, Vercom will acquire 23 percent in Appchance this year. In 2019 it will increase the stake to 39 percent and will have an option to reach 64 percent within three years. The price for 23 percent stake is set at PLN 1.15&#...

Locked content Ministry of Energy plans to raise “green energy” use

Ministry of Energy proposed to increase obligation to purchase “green energy” from 17.5 percent this year to 18.5 percent in 2019 and 19.5 percent in 2020. According to the Ministry, the proposal will minimize the impact of renewable energy sources (RES) support to prices for consumers. ...

Locked content Solaris sells trolleybuses to Romania for PLN 115 mln

Solaris Bus & Coach signed a framework agreement for delivery of up to 50 trolleybuses Trollino 18 to the Romanian city Cluj-Napoca. The contract value is almost PLN 115 million. City town hall placed the order, whereas CTP Cluj Napoca will be the operator of those trolleybuses. Last year Cluj-N...

Locked content Kino Polska TV Q2 net profit jumps to PLN 32.4 mln

In Q2 Kino Polska TV recorded consolidated net profit of PLN 32.4 million compared to PLN 4.0 million a year ago. Operating profit grew to PLN 33.4 million versus PLN 5.1 million y/y. The results were influenced by recognition of PLN 26.91 million profit from the previously held share in Stopklatka....

Locked content CCC Q2 net profit up at PLN 204.2 mln

Footwear retailer CCC reported PLN 204.2 million net profit in Q2 versus PLN 148.2 million y/y. Operating profit amounted to PLN 242.3 million compared to PLN 180.1 million a year ago. Revenue stood at PLN 1.33 billion. CCC expects e-commerce revenue to reach PLN 1 billion this year and to grow by a...

Dom Development’s sales down, profit up in H1

Warsaw Stock Exchange-listed Dom Development, the biggest residential developer in Poland, sold 1,650 units in the first half of 2018, which marks an 11% decrease upon the same period last year. The company claims to have achieved satisfactory margins in H1, which is the main goal of its business st...

Eiffage completes MIG offices in Kraków

General contractor Eiffage Polska Budownictwo has finished construction work on and obtained an occupancy permit for an office building located on ul. Życzkowskiego in Kraków, which was commissioned by investor MIG Real Estate. The six-floor property comprises almost 7,500 sqm of space and will be m...

Wronia 31 with BREEAM Outstanding certification

Ghelamco Poland’s Wronia 31 office building in Warsaw has obtained a BREEAM certificate for energy efficiency and environmental performance at the “Outstanding” level. The building is the tenth BREEAM-certified property of the company and the second completed office building in Poland to have secure...

Locked content BIK: banks issued 0.3% fewer credit cards in July

The number of credit cards issued by banks dropped by 0.3 percent to 79,400 in July this year. At the same time, the total amount of limits granted increased by 1.5 percent and amounted to PLN 451 million compared to July 2017 – the Credit Information Bureau (BIK) said. BIK also pointed out th...