Locked content Asseco with PLN 288 mln Q3 net profit

WSE-listed IT group Asseco had PLN 288.6 million net profit in Q3, up from PLN 82.1 million last year, but slightly below the PLN 295.3 million market consensus. Revenues amounted to PLN 1.24 billion, down by 34.7 percent y/y, while EBITDA amounted to PLN 172.7 million, down by 38.5 percent y/y. The...

Locked content UnionPay to issue cards in Poland

Chinese banking card payment processor UnionPay signed a strategic deal with Portuguese Banco Comercial Portugues (BCP) to issue its payment cards on the markets where the bank operates. BCP is the owner of WSE-listed Bank Millennium. Besides Poland and Portugal, BCP operates in Switzerland, Angola,...

Locked content Gino Rossi with PLN 3.3 mln Q3 loss

WSE-listed fashion retailer Gino Rossi recorded a consolidated net loss of PLN 3.32 million in Q3, compared to PLN 3.41 million loss a year earlier, the company said in its report. Operating loss amounted to PLN 4.18 million, up by 120.1 percent y/y, while EBITDA loss stood at PLN 1.6 million vs. PL...

Locked content Comarch with Q3 loss

WSE-listed IT group Comarch had a PLN 3.6 million consolidated net loss in Q3, down by 142.9 percent y/y. EBIT pummeled by 31.8 percent to PLN 7.2 million. Revenues were up by 16.3 percent to PLN 260.5 million. The figures suffered by the result on financial operations which posted a PLN 4.7 million...

Treasury debt inches down in October

The debt of the State Treasury of Poland dropped in October by PLN 8.7 billion (0.9 percent decrease m/m), to PLN 932 billion, the Ministry of Finance said. Since the beginning of the year, the treasury debt has increased by PLN 34 billion, the ministry said.

Retail sales up by 8% in October– GUS

Retail sales increased in October by 8 percent year-on-year and 3.3 percent m/m, according to GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 8.1 percent y/y and 3.4 percent m/m.

Housing construction up by 4.5% in October – GUS

In October, the number of dwellings in which construction has started increased y/y by 4.5 percent to 16,275, according to data released by the Central Statistics Office (GUS), in m/m terms it contracted by 4.2 percent. Moreover, the number of dwellings completed decreased by 6.4 percent y/y to 15,5...

Locked content Poland loses race to host two EU agencies

Poland won’t be a new home to European Medicines Agency or European Banking Authority as it failed to secure enough votes to get through to the second round. Both election processes were very close and needed three rounds of voting which both ended in a tie. The final decision was made by drawing of...

Locked content ECJ orders Poland to halt Białowieża logging immediately

The European Court of Justice court ruled on Monday that Warsaw would be fined €100,000 for every day it continues logging in the primeval Białowieża forest. “Poland must immediately cease its active forest management operations in the Bialowieża forest, except in exceptional cases where they are st...