Locked content Gino Rossi signs licensing deal with CCC

WSE-listed footwear retailer Gino Rossi signed a licensing deal with rival CCC. The contract is for manufacturing and design and to use Gino Rossi trademark in selected countries. Gino Rossi estimates that it will bring PLN 36-40 million in revenue for 2019-2020 period, including PLN 15-18 million i...

Locked content Pharmacy market up 8.3% y/y in August – PEX PharmaSequence

In August sales in the pharmacy market in Poland amounted to over PLN 2.77 billion, up by 8.3 percent y/y and 2.6 percent m/m, a report prepared by PEX PharmaSequence stated. An average pharmacy turnover in August was PLN 187,500, a 9.6 percent y/y growth. PEX PharmaSequence estimates that in 2018 t...

Locked content Insurers profit reaches PLN 3.8 bln in H1

Net profit of insurers operating on the Polish market increased to PLN 3.81 billion in H1, a 0.2 percent y/y growth, said market lobby Polish Insurance Association (PIU). Gross written premiums amounted to PLN 32.1 billion, up by 1.7 percent y/y. The gross value of claims and benefits paid out stood...

Locked content TFI assets inch down in August

The assets of Polish investment funds (TFIs) shrunk by 0.1 percent month-on-month to PLN 281.3 billion in August, according to Analizy Online and IZFiA.  Assets of cash and money funds continue to show the highest growth (1.5 percent m/m). The continuous growth of this low-risk assets should soon br...

Locked content Eques Investment TFI put on the alert list by KNF

The Financial Supervision Authority has placed the asset manager Eques Investment TFI on an alert list. The move follows KNF’s notification to the regional prosecutor’s office in Warsaw about the alleged violation of the bill on public offer and terms of introducing financial instruments...

Locked content Newag with PLN 16 mln Q2 net profit

WSE-listed rolling stock producer Newag had a PLN 15.9 million net profit in Q2, up from PLN 10.5 million loss last year, the company said in a report. Operating profit amounted to PLN 24.47 million compared to PLN 11.06 million loss a year earlier. Revenues from sales stood at PLN 255.68 million co...

Locked content Amica hopes to finalize talks with Fagor this year

WSE-listed white goods producer Amica is in advanced talks on obtaining rights to use the Fagor brand and expects that the negotiations will be concluded this year, the company’s Vice President Wojciech Kocikowski said. He added that Amica has at least one or two competitors who also want to obtain ...

Locked content Ciech CEO resigns

The CEO of WSE-listed chemical firm Ciech, Maciej Tybura resigned from his post citing personal reasons, the company said in a market filing. Supervisory board member Dawid Jakubowicz was named as interim CEO for the next three months, while Ciech will be looking for a permanent replacement. Ciech a...