Locked content AB Group plans to refinance securities worth PLN 100 mln

One of the largest IT distributors in Europe, AB Group plans to issue a new series of unsecured bonds, within the current bond issue program (PLN 270 million) to refinance the redemption of AB01120819 series bonds with a nominal value of PLN 100 million, the company said. The AB01120819 series bonds...

Locked content BIG InfoMonitor: rental debts at PLN 138 mln at end of August

Rental debts of individuals and companies stood at PLN 138 million at the end of August, according to BIG InfoMonitor. The average amount of unpaid rent is nearly PLN 53,500 for a company and PLN 12,300 for a person. Although the total number of rental debts decreased from March to August, the amoun...

Locked content Ursus with prelim. PLN 16 mln net loss in H1

Polish agricultural machinery manufacturer Ursus recorded unconsolidated net loss of PLN 16 million in H1 versus profit of PLN 6 million a year ago, according to the company preliminary results. Revenue stood at PLN 62 million, a decline of 60 percent y/y. The results were affected by the decrease i...

Locked content GDDKiA signs PLN 1.07 bln contract with Salini

The General Directorate for National Roads and Motorways (GDDKiA) signed a contract with Salini Impregilo S.p.A for design and construction of the S7 expressway from Widoma junction to Kraków (including Kraków Nowa Huta junction). The deal value is PLN 1.07 billion, and the works should be completed...

Locked content Polish firms work on flood risk monitoring system

A consortium of Polish companies is working on an innovative threat monitoring system, which can be used to combat the floods and prevent them. The system SAFEDAM is based on satellite technologies. The project is a part of the program financed by the National Center for Research and Development. Th...

Locked content WSE puts Getin Holding on alert list

The Warsaw Stock Exchange (WSE) put Getin Holding on the Alert List segment and excluded its shares from sWIG80 and WIG-banking indices. In total, the WSE included 39 companies on the Alert List, while Elkop and Zastal were excluded. The changes in the quotation system will be effective as of Octobe...

Locked content Cyfrowy Polsat will buy 58.7 mln Netia shares

Cyfrowy Polsat decided to buy 58.7 million Netia shares from Karswell Limited at PLN 5.77 per share. The transaction will be carried out on October 2. Cyfrowy Polsat will additionally pay Karswell Limited PLN 4.1 million as remuneration for the period between the settlement date of the tender offer ...

Locked content Klabater plans debut on NewConnect at start of 2019

Game producer Klabater plans to debut on the NewConnect market at the beginning of 2019, the company co-owner Robert Wesołowski said. He added that Klabater expects revenue to double in 2018 compared to 2017 and to triple in 2019-2020. Currently, 100 percent of Klabater shares belong to two owners o...

Locked content Famur plans dividend of 50-100% net profit in 2019-2023

Mining machinery producer Famur plans to distribute 50-100 percent of net profit for dividend payment, the company said in its strategy for 2019-2023. On average, in five years term, Famur plans to pay 75 percent of net profit as dividend. The company also announced that it wants to enter hard rock ...