Locked content Bank Millennium Q2 profit down, but above market consensus

WSE-listed Bank Millennium, posted a net profit of PLN 173.6 million in Q2 2017, down by 41 percent y/y, but above the market consensus for PLN 169.8 million. Last year’s Q2 results were affected by a large one-off gain from VISA Europe sale. Net interest income was up by 4.5 percent q/q to PLN 429....

Locked content Mobile phone numbers in Poland drops in Q2– GUS

According to data released by Poland’s Central Statistics Office GUS, at end-June, there were 51.7 million mobile phone users, representing 9.6 percent decrease y/y. The figure includes both prepaid numbers (18.4 million) as well as ones with long term contracts (33.3 million). The number of long te...

Locked content Torpol signs PLN 173 mln deal with PKP PLK

WSE-listed railway infrastructure builder Torpol signed a net PLN 174.3 million (gross PLN 213.3 million) deal for works on the 31 and 32 railway line with railway infrastructure firm PKP PLK. The tender concerns routes connecting Hajnówka with other nearby cities. Criteria in the tender were: total...

Locked content Alior Bank sells PLN 250 mln bonds in private placement

WSE-listed lender Alior Bank has closed the book building process for its PLN 250 million private placement bond issue with demand exceeding PLN 400 million, the bank said in a market filing. The 3-year bonds will be unsecured with rates set at WIBOR6M plus 1.19 percent margin. The bonds will be iss...

Locked content Baltic Pipe open session a success

State-run gas transit operator Gaz-System and Danish Energinet will carry on with works on the Baltic Pipe gas link after the first stage of open sessions ended in a success. “The first stage of open season 2017 for the Baltic Pipe project confirmed market’s interest in realization of this pro...

Locked content JSW coal production drops in Q2

WSE-listed coal producer JSW had an 11.5 percent y/y decline in coal production to 3.78 million tons in Q2, while sales were down by 12.6 percent and reached 3.61 million metric tons, the company said in a market filing. The drop was due to the transfer of Krupiński and Ruch Jas-Mos mines to the sta...

Locked content Russia considers sanction against Poland over Soviet monuments

Russian senators are calling on President Vladimir Putin to put sanctions on Poland for recent de-communization laws that would result in tearing down any public monuments that seem to glorify communism or “any other totalitarian” regime. This would affect numerous monuments build during the cold wa...