Locked content PlayWay with PLN 15.5 mln Q2 profit

WSE-listed game developer PlayWay recorded PLN 15.55 million net profit in Q2 compared with PLN 1.24 million profit a year earlier, the company said in a market filing. Operating profit amounted to PLN 18.75 million compared to PLN 2.3 million profit a year earlier. At the same time revenues stood a...

Locked content Herkules’ Trinac bid unsuccessful

WSE-listed construction services firm Herkules offer to buy the Polish unit of German peer Trinac did not get any response from the owner, the company said in a market filing. The offer, €10 million for 10 percent stake was valid through September 20. Back in September, Hercules completed the due di...

Locked content Pekao launches first London office

WSE-listed Bank Pekao launched its first office in London to support Polish companies planning foreign expansion, the lender said in a market filing. “Poland is becoming an increasingly attractive market for private equity investors from London, and Polish corporations have international ambitions. ...

Just Gym in Poznań’s M1 mall

Fitness club chain Just Gym has leased approximately 2,000 sqm of space at the M1 shopping center in Poznań and will start operating at the mall in the first quarter of next year. Colliers International represented the tenant in the transaction. The M1 shopping center was opened in 1998. It comprise...

Murapol and Awbud to cooperate more closely

Residential developer Murapol and general contractor Awbud have signed a letter of intent regarding their cooperation in the years 2019-2021. In accordance with the document, Awbud will build approximately 25% of the total amount of usable space in the residential projects which Murapol will develop...

Fitch sees GDP growth in Poland at 4.8% in 2018

Fitch Ratings predicts the economic growth in Poland will reach 4.8 percent in 2018, and then it will slow down to 3.6 percent in 2019 and even further to 2.9 percent in 2020. The agency also predicts that investment growth will amount to 5.6 percent this year, 2.8 percent in 2019 and 0.6 percent in...

WSE moves to FTSE Developed All Cap Index

The Warsaw Stock Exchange leaves the FTSE Emerging All Cap Index and joins the FTSE Developed All Cap Index as of Monday, September 24.  Reclassification as a Developed market has resulted from continuous improvements in Poland’s capital markets infrastructure, supported by the country’s...

Locked content Tesgas signs 2 deals with Gaz-System at PLN 8.2 mln net

Tesgas signed two agreements with Gaz-System for a total value of PLN 8.2 million net. The contracts were signed for construction works as part of the reconstruction of the DN500 gas pipeline Adamów (Turek) – Nowiny Brdowskie, the company said. Tesgas deals with the construction, operation, de...

Locked content Unified Factory signs deal with Nextbike Polska

Listed on the small-cap, alternative NewConnect market sales software developer Unified Factory has signed an agreement with Nextbike Polska regarding the implementation of the CSA platform, the company said on Friday. “Implementation of the contact center system using multi-channel communicat...

Locked content AmRest Q2 net profit at €8.1 mln, below consensus

WSE-listed restaurant operator AmRest posted a €8.1 million net profit attributable to shareholders in Q2 versus €7.9 million a year ago. The result was below the consensus of €9.5 million. Revenue amounted to €364.2 million, in line with the company’s estimates. The group’s EBITDA stood...