Locked content Orbis H1 profit up to PLN 82.25 mln y/y

Orbis recorded PLN 82.25 million attributable net profit in the first six months of 2017 compared to PLN 71.38 million the year before, the company reported in the report.  The company’s operating profit stood  PLN 121.07 million vs. PLN 91.52 million profit a year earlier. Consolidated sales revenu...

Locked content mBank net Q1 profit down 30% y/y 

mBank recorded a consolidated net profit of PLN 269.7 million in Q2 2017, compared with PLN 388.5 million in Q2 2016, the lender informed in a report. The bank’s net interest income totaled PLN 764.78 million, while in the same period last year, it stood at PLN 684.44 million. Net fees and com...

Locked content GDP could grow by 4% in 2017 – FinMin

GDP growth could reach as much as 4.0 percent this year, according to Development and Finance Minister Mateusz Morawiecki. He said that the figure is becoming increasingly probable given the increasing investment. “Our official forecast in 3.6 percent, perhaps 3.8 percent. We are conservative. But t...

Locked content Poznań secures PLN 45.5 mln in EU funds for infrastructure makeover

The city of Poznań has received PLN 45.5 million in EU funding for a major infrastructure redevelopment in the center of the city. The entire investment is set to cost PLN 100 million. The project involves city rail transit as well as the street network. It is scheduled to be completed by Q3 2020...

Locked content Comarch opens office in Tokyo

IT giant Comarch has decided to launch a new office in Tokyo. The company wants to drive up more revenue from its Asian operations. In 2016, it recorded PLN 47 million in revenue from Asia. Comarch already has offices in Malesia and Shanghai and data centers in Kuala Lumpur, Singapore and Shanghai. ...

Locked content Sea ports with 7% increase in cargo in H1 2017

Sea ports Szczecin and Świnoujście have recorded a 7 percent increase in cargo volume in the first six months of the year, compared to the corresponding period of 2016, the press office of the sea ports informed. The volume of oil and gas cargo increased by as much as 90 percent, mainly due to the&#...

Locked content HealthTech Braster raises PLN 40 mln through IPO

HealthTech company Braster has sold all of the 3 million shares offered in its IPO for a total of PLN 40.5 million, the company stated. The funds will be spent on international expansion and developing the firm’s telemedicine solutions. The maximum price for Braster’s shares was set at PLN 16.5, how...

Locked content Telecom Orange Polska buys energy company for PLN 37 mln

Orange Polska has signed a conditional agreement with Tokida Investments to purchase 100 percent of shares of Multimedia Polska Energia, Orange said in a statement. The value of the transaction stands at approx. PLN 37 million and will be adjusted based on the share capital and cash reserves as at t...

Locked content PGNiG: Gas sales volume was estimated at 5.63 billion m3 in Q2

Gas producer PGNiG recorded estimated sales volume of natural gas of 14.49 billion cubic meters in the first half of 2017 compared to 12.68 billion cubic meters recorded in the first half of 2016, PGNiG said. Just in Q2 , sales were estimated at 5.63 billion cubic meters compared to 4.71 billion cub...