Locked content Coal miners with PLN 1.4 bln net profit in H1

Polish coal miners sold 33.4 million metric tons of coal in the first six months of the year, down 1.1 million tons y/y, the Industry Restructuring Agency (ARP) said. Despite the lower volumes, revenues, boosted by the 38.2 percent increase in coal prices, soared by nearly a third to PLN 10.6 billio...

Investments drop by 1.1% in H1 – GUS

In the first half of this year, corporate investment fell by 1.1 percent y/y and amounted to PLN 49.2 billion, according to data from the Central Statistics Office. Last year, the investment drop in H1 amounted to 7.1 percent.

Locked content Kruk asks UOKiK for permission to takeover Bison NSFIZ

WSE-listed debt collector Kruk has submitted an application to the antimonopoly watchdog UOKiK for permission to takeover Investment Fund Bison NSFIZ, the office said. The application was submitted on August 17. Bison is a non-standardized securitization closed-end investment fund, currently managed...

Locked content The Dust sets max. share price

NewConnect-bound video game developer The Dust has set the maximum share price at PLN 12 apiece. The company will sell 220,000 new and existing shares with the IPO planned for Q4. “Thanks to the issue of new shares, we intend to raise ca. PLN 1.7 million, which will enable us to implement a strategy...

Locked content Eurocash to buy Mila supermarket chain

WSE-listed FMCG distributor Eurocash signed a letter of intent to buy 100 percent stake in the supermarket chain Mila, the company said in a market filing. Sellers are Argus Retail Holding, Elbrus investment fund, Robert Kasner, Robert Zaleski, and Stanislaw Sosnowski. Eurocash was granted the exclu...

Locked content Bank Handlowy Q2 profit down

WSE-listed lender Bank Handlowy recorded PLN 157.98 million net profit in Q2, down by 28.8 percent y/y. Net interest income amounted to PLN 264.07 million against PLN 252.34 million a year earlier. Net fee and commission income amounted to PLN 155.37 million compared to PLN 139.11 million a year ear...

Locked content Play with PLN 57.5 mln H1 profit

WSE-listed telecom operator Play Communications recorded a consolidated net profit of PLN 57.5 million in H1 vs. PLN 176.1 million profit a year earlier. Operating profit was down to PLN 435.4 million vs. PLN 615 million the year earlier. EBITDA declined 23.7 percent y/y to PLN 844.6 million in H1. ...

Locked content Gino Rossi to enter 3 Eastern markets

WSE-listed shoe retailer Gino Rossi has signed a partnership agreement with Presto Limited based in Russia to distribute its products on the Russian, Kazakh and Belarusian markets, the company said. The value of the contract is estimated at approx. PLN 3 million. “According to Gino Rossi, the establ...

Locked content Fipronil-contaminated poultry reaches Poland

Chickens imported from Germany and slaughtered in one of the plants in Poland were contaminated with fipronil. The entire party of this meat was secured and handed over for disposal, Chief Veterinary Officer Paweł Niemczuk said. Polish authorities were informed by its German counterparts regarding t...

Locked content Duda and Tusk in the lead for presidency – poll

According to a poll conducted by Pollster, if the presidential elections took place today, incumbent Andrzej Duda would enjoy 39 percent support, while former PM and current European Council President Donald Tusk would get 31 percent of the votes. Both would face off in the second round. Other possi...