Locked content PZU CEO: Pekao and Alior cooperation analysis should be known soon

Talks on the cooperation between Bank Pekao and Alior Bank are still ongoing and PZU hopes that it will know the results of this analysis soon. The insurer excludes scenarios that would benefit a single bank from the group at the expense of the other, said PZU CEO Paweł Surówka. “At this point, the ...

Locked content Budimex wins PLN 456 mln tender for S14 road

WSE-listed construction firm Budimex along with Strabag filed the best offer worth PLN 456.7 million net for building a section of S14 expressway, the company said in a market filing. Both companies hold 50 percent stakes in the deal with Budimex acting as consortium leader. The consortium will buil...

Locked content Energa with PLN 221 mln Q4 profit

WSE-listed energy firm Energa posted a PLN 221 million Q4 attributable net profit, up by 176.3 percent y/y, while EBITDA reached PLN 517 million, below the preliminary estimate of PLN 525 million. For the whole 2017, net profit amounted to PLN 773 million, up from PLN 151 million in 2016, while EBIT...

Locked content PZU Q4 profit grows

WSE-listed insurer PZU recorded a PLN 764 million net profit in Q4, up by 22 percent y/y. Gross written premium reached PLN 5.91 billion, up by 7.3 percent y/y. For 2017, PZU recorded PLN 2.91 billion net profit compared with PLN 1.93 billion profit in 2016. Operating profit amounted to PLN 5.51 bil...

Locked content OFEs transfers PLN 716.5 mln to ZUS in February

Private pension funds OFE transferred PLN 716.5 million to the Social Security Fund ZUS under the pre-retirement asset shift in February. In the other direction, PLN 275.1 million in premiums were transferred. Under the Polish law, each OFE member has their assets transferred to ZUS over the 10-year...

Locked content KGHM with PLN 87 mln Q4 net profit

WSE-listed silver and copper giant KGHM recorded PLN 87 million net loss in Q4, compared to PLN 4.9 billion last year. The result was affected by PLN 310 million in impairments on its foreign assets. Revenues reached PLN 5.87 billion, down from PLN 6.01 billion in the previous year. In 2017, KGHM ha...

Locked content WSE suspends trading of 10 NewConnect companies

WSE management suspended trading of 10 companies, listed on the small-cap, alternative NewConnect market. They include loyalty sales scheme operator B2BPartner, renewable energy firm BGE, recycling company Ecotech Polska, Euroinvestment (aka Virtual Vision), water and heating installation provider G...

Locked content Government support inches up – CBOS poll

The government of Mateusz Morawiecki has 41 percent support which is 1 percentage point higher than the month before, according to the latest poll by CBOS. The number of its opponents reached 19 percent up by 2 percentage points. When asked about the government’s work, 50 percent of respondents said...