Locked content BGK preliminary net profit for 2017 grows to PLN 518 million

Poland’s state-owned lender BGK preliminary net profit for 2017  grew to  PLN 518 million from PLN 349 million a year ago. Over the next years the bank plans to keep its net profit in a similar range to that recorded in 2016-2017, BGK CEO Beata Daszyńska-Mazurek said. Intensifying cooperation with c...

Locked content Polish airports transport in 2017 about 40 million passengers

Polish airports served about 40 million passengers, registering an 18 percent increase year-on-year, a PwC report stated. In 2018 the growth is seen at 12 percent, which means around 45 million passengers will be transported. Chopin Airport in Warsaw served the biggest number of passengers in Poland...

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.