Locked content K-Holding submits bid to buy Gekoplast

Italian company K-Holding has made a non-binding bid to acquire 100 percent shares of the WSE-listed polypropylene cellular boards producer Gekoplast. K-Holding offers PLN 16.5 per share. On Tuesday, at the end of the trading sessions, Gekoplast stock was priced PLN 12.3 apiece. The deal is subject ...

EU subsidies reach PLN 115 bln

The value of EU subsidy applications submitted by July 30 amounted to PLN 229.4 billion, according to data released by the Ministry of Development. Till end-July, 20,132 contracts for the EU co-financed projects amounted to PLN 115 billion in EU subsidies.

Locked content Enea net profit reaches PLN 606 mln in H1 – estimates

WSE-listed power utility Enea generated a consolidated net profit of PLN 606 million in H1, up from PLN 471 million the year before, according to the company’s preliminary financial results. The company’s revenue stood at PLN 5.6 billion, similar to last year’s H1 results EBITDA reached PLN 1....

Locked content Bogdanka posts PLN 112 mln H1 net profit – prelim. results

WSE-listed coal miner Bogdanka posted a PLN 112.1 million net profit in H1, while its EBITDA stood at PLN 318.6 million, according to the company’s preliminary financial results. Last year, at end-June, the company posted a PLN 75 million net profit and PLN 277.4 million EBITDA. Revenues stood...

Locked content Tauron with PLN 1 bln H1 net profit – prelim. results

WSE-listed power group Tauron had a PLN 1.005 billion net profit, up from PLN 3 million in H1 last year, according to the company’s preliminary financial results. EBITDA stood at PLN 2.094 billion (PLN 1.653 billion in 2016), while revenues amounted to PLN 8.77 billion, down from PLN 8.94 billion th...

Locked content Polish power demand hits new record high

State-owned grid operator Polskie Sieci Elektroenergyteczne (PSE) had a record-high demand for electricity. The new result was recorded at 13:15 on Tuesday and amounted to 23,215 MW, beating record-high demand of 22,833 MW from June, PSE said. The record high demand is caused by summer heatwaves and...

Locked content Coal sales flat in June

Polish coal miners sold 5.3 million metric tons of coal in June, down 0.33 million tons m/m, the Industry Restructuring Agency (ARP) said. Coal production in June amounted to 5.2 mln tons vs. 5.5 mln tons in May and 5.9 mln tons in June 2016. Coal inventories stood at 1.9 million tons, down by 3.34&...

CCC revenue soar by 48.4% y/y in July, online sales nearly double

WSE-listed footwear retailer had a PLN 308 million in revenue in July, a 48.4 percent y/y increase. Year-to-date, the company’s sales grew by 34.5 percent to PLN 2.15 billion. CCC recorded PLN 43 million in revenue through its online sales channel, marking a 99.5 percent increase y/y, and reaching P...