Locked content Infoscan signs LoI with investors

Telemedicine and remote diagnostics devices producer Infoscan signed Letters of Intent with the company’s investors, including individuals with managerial and supervisory functions. The investors expressed interest in receiving at least 120,000 company shares. The raised funds would be used fo...

Locked content PKN Orlen and PGNiG discover gas deposit in Wielkopolska

PKN Orlen and PGNiG discovered a new gas deposit in Wielkopolska. The production capacity of the deposit was estimated at 50 million cubic meters of gas annually.  The deposit is located in the area of Płotki on the Śrem-Jarocin concession, PKN Orlen said. It was discovered by the Chwalęcin-1K well,...

Locked content T-Mobile Polska EBITDA down at PLN 432 mln

Telecom operator T-Mobile Polska Q2 revenue fell by 1.8 percent y/y to PLN 1.57 billion. EBITDA decreased by 17.7 percent y/y. The decline was mainly due to lower incomes and higher costs after EU “Roam Like at Home” rules came into force. In Q2 the company acquired about 100,000 clients...

Locked content Braster will issue up to 400,000 shares

MedTech company Braster shareholders decided on conditional share capital increase through the issue of up to 400,000 series J shares. There will be no pre-emptive rights for existing shareholders, the company said. Currently, Braster capital consists of 9.2 million shares. The new shares are issued...

Locked content In 25 years Polish population will shrink by 2.8 mln

During about 25 years the population in Poland will decline by about 2.8 million, Polish Central Statistical Office GUS reported. In comparison, during the last 25 years, the population grew by 360,000. The reasons for the expected decline are mortality and the end of the demographic boom. The numbe...

Locked content Energa with PLN 557 mln net profit in H1

The Energa Group recorded H1 net profit of PLN 557 million, an increase of 14 percent versus H1 2017, the company said. EBITDA grew to PLN 1.16 billion, PLN 18 million higher y/y. Revenue fell by 3 percent to PLN 5.0 billion. In H1 the group invested PLN 624 million and registered about 20,600 new c...

Locked content Deutsche Bank Polska will return account fees – UOKiK

Deutsche Bank Polska will pay back fees for accounts related to mortgage credits to current and former clients, Polish antitrust watchdog UOKiK informed. The measure will allow the bank to avoid financial penalty. UOKiK started proceedings against Deutsche Bank Polska in May 2017. The watchdog said ...

Locked content Grupa Lotos Q2 net profit jumps to PLN 534.9 mln

Fuel giant Grupa Lotos Q2 net profit grew to PLN 534.9 million from PLN 157.4 million a year ago. Operating profit was PLN 897.9 million versus PLN 172.9 million y/y. EBITDA stood at PLN 1.08 billion versus PLN 383.6 million y/y. Consolidated revenue rose to PLN 7.53 billion from PLN 5.45 billion in...

Locked content JSW Koks will increase wages by 9%

Coal company JSW Koks will increase employee wages by 9 percent from August. The personnel will also receive one-off bonuses of PLN 1,000. The agreement between the trade unions and the management of the company has been reached after several weeks of negotiations. Union members calculated that afte...

Locked content Small plane caused delays at Chopin Airport

25 plane take-offs and landings were suspended at Warsaw Chopin Airport on Tuesday due to an unplanned “approach of a small plane”, the airport informed. The average delay time was about 30 minutes. Besides the delays, the situation did not affect passengers in any way, the statement sai...