Locked content Poles among missing after Manchester terror attack

Poland’s foreign ministry announced that “a number of Poles” are among the missing after the terror attack during the Ariana Grande concert in Manchester on Monday. According to the resort, they are parents of children who attended the concert. The ministry did not reveal how many Poles are st...

Locked content Dino Q1 net profit grows 30% y/y

WSE-listed retailer Dino increased its first quarter net profit by 30 percent to PLN 30.5 billion, the company said in a market filing. Revenues amounted to PLN 910.3 million, up 28.7 percent y/y, while operating profit stood at PLN 46.3 million, a 20.1 percent y/y increase. Like-for-like sales incr...

Locked content Ekstraklasa to implement VAR next season

Polish top tier football league Ekstraklasa will implement the VAR (Video Assistant Referee) system starting with the upcoming 2017/18 season. Each round, three games will be played with VAR system implemented. The Video Assistant Referee project is an off-field official that reviews decisions made ...

Locked content Comarch with PLN 4.8 mln Q1 attributable net profit

WSE-listed IT company Comarch had PLN 4.8 million attributable net profit in Q1, down by 32.9 percent y/y. EBIT amounted to PLN 11.3 million loss, down by 192 percent y/y, while revenues inched down by 0.4 percent to PLN 242.2 million. The EBIT result was boosted by PLN 9.7 million from the PLN gain...

Locked content Superior Industries offer for Uniwheels goes through

Superior Industries tendered over 75 percent of German WSE-listed alloy wheels producer Uniwheels shares, which means that the tender deal will go through. After agreeing to buy 61.29 percent of Uniwheels shares from its owner, Superior announced the tender to buy back the remaining 4.8 million shar...

Locked content Play operator with PLN 1.58 bln revenue. IPO decision within months

P4, Play network mobile operator, had PLN 1.58 billion revenue, up by 9.6 percent y/y, and PLN 564 million EBITDA in Q1, a 20.8 percent y/y increase. At the end of March, Play had 14.3 million customers, down by 0.5 percent y/y, with 60.5 percent of them being regular subscribers, and the rest pre-p...

Locked content Euler Hermes: 67 bankruptcies in April

In April, 67 Polish companies were declared bankrupt, compared to 66 last year, according to a report issued by Euler Hermes. Since the beginning of the year, 291 companies were declared bankrupt, a 22 percent growth y/y. According to Euler Hermes most bankruptcies are caused by low profitability of...