Locked content LPP with PLN 125 mln Q3 EBIT

WSE-listed fashion retailer LPP had a PLN 125 million net operating profit in Q3, up by 21 percent y/y, the company said in its preliminary report. The group’s revenue stood at PLN 2.05 billion, a 13 percent y/y growth, while gross profit from sales amounted to PLN 1.05 billion, an 18 percent y/y in...

Locked content Number of bankruptcies in Q1-3 grew by 15% y/y – Coface

The number of bankruptcies and restructurings in the first three quarters of 2018 amounted to 728, which is 15 percent more than last year, according to a report by Coface. The sector most affected by bankruptcies and restructurings is trade, where 175 companies either filed for bankruptcy or implem...

Unemployment falls to 3.4% in August – Eurostat

The seasonally adjusted unemployment rate in Poland was 3.4 percent in August compared to 3.5 percent in July, the EU statistical office Eurostat reported. The number of unemployed people decreased to 585,000 in July from 600,000 a month earlier. In the entire EU, unemployment stood at 6.8 percent.

CPI inflation at 1.8% in September – GUS flash estimate

Prices of consumer goods and services increased in September by 1.8 percent year-on-year and 0.2 m/m, statistics office GUS informed in a flash estimate. Last month, prices for foods and non-alcoholic beverages increased by 2.3 percent y/y and 0.6 percent m/m, energy prices went up by 1.8 percent y/...

Locked content Work Service to sell Hungarian peer

WSE-listed HR consultancy firm Work Service will sell its stake in the Hungarian peer Prohuman 2004 Kft., the company said in a market filing. This is a reversal from a few months back, when the company said in its annual report that it plans to acquire the remaining stake in its subsidiary using th...

Locked content OT Logistics to sell stake in Luka Rijeka – media

According to local media, WSE-listed logistics operator OT Logistics is planning to sell its stake in Croatian port Luka Rijeka and Chinese investors are interested in purchase. OT Logistics has 26.51 percent shares in the company which controls the facility but has signed agreements with other inve...

Locked content Robyg with PLN 35 mln H1 profit

Real estate developer Robyg recorded PLN 35.11 million consolidated net profit in H1 up from PLN 28.42 million profit a year earlier, operating profit amounted to PLN 85.18 million versus PLN 48.81 million profit last year. Sales revenues reached PLN 420.14 million up from PLN 214.62 million a year ...

Locked content Pfleiderer with Q2 loss

WSE-listed wood panel producer Pfleiderer had a €1.56 million loss in Q2 compared to €8.26 million profit the year before. Revenues reached €264.41 million vs. €253.62 million in the previous year. In the first half In 2018, the company had €5.77 million of consolidated net profit compared to €18.62...

Locked content PZU launches investment fund sales platform

WSE-listed, state-run insurer PZU launched a sales platform for its investment fund products, inPZU, where it will offer six passive funds with management fee capped at 0.5 percent of AuM, the company said in a market filing. “We hope that thanks to the simple intuitive solutions on our website, we ...