Orco H1 profit drops

WSE-listed real estate developer Orco Property Group had a €18.48 million net profit in the first half of 2018, down from €62.61 million profit a year earlier, the company said in a market filing.

Locked content Kruk buys €302 mln Italian debt portfolio

ItaCapital, a subsidiary of WSE-listed debt collector Kruk, won a tender for the purchase of a portfolio of unsecured retail receivables with a nominal value of approx. €302 million on the Italian market, the company said in a market filing. “The Issuer, with a separate report, will inform immediate...

Locked content Bytom sales up 22% in August

WSE-listed fashion retailer Bytom had PLN 15.5 million in sales revenues in June, registering a 22.4 percent y/y increase. Year-to-date Bytom sales grew by 13.7 percent y/y to PLN 127.1 million, while like-for-like sales grew by 9.9 percent to PLN 117.67 million….

Locked content Energa approves Ostrołęka plant expansion

Shareholders, of the WSE-listed, state-controlled power utility Energa granted “a directional consent” to launch the construction stage of the new coal-fired block at Ostrołęka plant, the company said in a market filing. Another stakeholder in the project, WSE-listed, state-run utility Enea will mak...

Locked content CCC sales grow 37% in August

WSE-listed shoe retailer CCC recorded PLN 405 million in consolidated sales revenue in August, a 37 percent more compared to a year earlier. Year-to-date, revenues stood at PLN 2.83 billion, an increase of 16 percent y/y. Revenues from retail sales in CCC stores in August amounted to PLN 325.6 milli...

PMI drops to 22-month low

The Purchasing Managers Index for Poland in August has dropped to 51.4 points, from 52.9 points in July, reaching the 22-month low. The market consensus was 53 points.

Locked content Esaliens TFI withdraws from merger with Altus TFI

WSE-listed fund manager Altus TFI will not be merging with Esaliens TFI after the latter withdrew from the plan. According to Esaliens, its shareholders would not approve such decision given the current situation, Altus said in a market filing. Both companies signed a preliminary deal back in June w...

Locked content TCL opens R&D center in Warsaw

Chinese TV manufacturer TCL has opened its biggest, outside China, R&D center in Warsaw. The TCL Research Europe office will hire some 100 specialists where they will be working on AI solutions. TCL will cooperate with the University of Warsaw and both sides signed a letter of intent to exchange...

Locked content Comarch with PLN 10.5 mln Q2 net profit

WSE-listed IT firm Comarch had PLN 10.54 million net profit in Q2, above the market expectations for PLN 9.2 million and 21.6 percent growth y/y. EBIT stood at PLN 34.4 million, up by 255.3 percent, while revenues grew by 32 percent y/y to PLN 332 million. “In the second quarter of 2018, the group r...

Locked content Leszek Czarnecki to buy 15% in Idea Getin Leasing for PLN 75 mln

WSE-listed lender Idea Bank will 15 percent stake in Idea Getin Leasing subsidiary to its majority shareholder Leszek Czarnecki for PLN 75 million in hopes to boost its Q3 standalone results by PLN 73.7 million and meet the regulatory capital criteria. After the transaction, Idea Bank will retain th...