Locked content PiS proposes changes to Supreme Court bill

Law and Justice (PiS) has submitted to the Sejm a draft amendment to the Supreme Court bill that came into force that same day. According to Andrzej Matusiewicz, a PiS MP, the draft concerns the budget matters of the Supreme Court’s Disciplinary Chamber as well as the method of appointing judges. “T...

Locked content Polimex-Mostostal CEO resigns

Antoni Józwowicz resigned from his position as CEO of WSE-listed Polimex-Mostostal, citing personal reasons, the company stated in a market filing. Polimex-Mostostal, founded in 1945, recorded PLN 2.668 billion in consolidated sales revenue in 2016. The company is a general contractor active in the ...

Merrill Lynch with top trading volume in March on WSE

Merrill Lynch has maintained its leader position in trading volume on the Warsaw Stock Exchange in March 2018, followed by DM PKO BP brokerage. Merrill Lynch accounted for 11.23 percent of the total trading volume, while DM PKO BP for 7.73 percent, WSE stated. JP Morgan came in third with 7.32 perce...

Locked content LPP with PLN 115 mln loss in Q1 2018

Clothing retailer LPP recorded PLN 1.58 million in revenue (16 percent more y/y) and PLN 115 million in operational loss in the first quarter of 2018. The market consensus saw revenue at PLN 1.52 million and EBIT loss at PLN 107.7 million. Gross profit from sales amounted to PLN 710 million (a 14.4 ...

Locked content KGHM pays PLN 153 mln in mining tax in February

Mining giant KGHM paid PLN 153.081 million in mining tax in February, according to the Finance Ministry. Revenue from mining taxes stood at PLN 281.506 million a the end of February and accounted for 21.8 percent of the plan, the ministry added in an operational report on how its budget plan is bein...

Locked content Eurobank sees double-digit growth of loan portfolio in 2018

Eurobank expects loan portfolio growth at a double-digit rate in 2018. The bank wants to launch 63 additional franchises reaching 300 by the end of 2018, bank’s CEO Alexis Lacroix said. In 2017 Eurobank acquired over 220,000  new customers and increased the value of loan portfolio by 9 percent...

Kraków Airport March passenger traffic grows 19%

Kraków Airport transported about 514,300 passengers in March, a 19 percent increase compared to th same period last year. According to the airport statistics, there was about 4,100 landings and take-offs last month,  an 15 percent increase versus March 2017.

Locked content CCC revenues fall 19.3% in March

Shoe retailer CCC registered a 19.3 percent drop in revenues in March compared to the previous year. The revenues stood at PLN 254.9 million, the company reported.  In the first three months of 2018 revenues were  PLN  692.7 million, a decrease of 3.8 percent versus 2017. Revenues from retail sales ...