Locked content Enea confirms PLN 321 mln Q1 net profit

WSE-listed power utility Enea confirmed its preliminary Q1 financial results with PLN 321.2 million net profit (10.16 percent y/y growth), and PLN 666 million EBITDA (0.3 percent y/y decline) Earnings fell in the core segment of distribution on account of costs, a decline offset by strong volumes in...

Locked content CD Projekt to launch next online game in China

WSE-listed game producer CD Projekt will launch its latest online free-to-play game Gwent, based in the popular Witcher universe in China, as the company is close to securing certification there, and plans to enter the local market by the end of the year, company’s CEO Adam Kiciński said. CD Projekt...

Locked content CD Projekt Q1 net profits on the rise

WSE-listed game producer CD Projekt had PLN 45.26 million consolidated net profit in Q1, representing a 39 percent increase y/y. Operating profit amounted to PLN 53.84 million (39.5 percent y/y growth), while revenues stood at PLN 99.3 million (14.2 percent y/y growth). The Group’s investment in the...

Locked content PGNiG with PLN 1.6 bln Q1 net profit

WSE-listed gas giant PGNiG had PLN 1.59 billion consolidated net profit in Q1, up by 15.4 percent y/y. Revenues increased by 6.1 percent to PLN 11.65 billion, while EBITDA amounted to PLN 2.76 billion, up by 15.7 percent. The core segment of gas trade and storage generated PLN 358 million EBITDA, do...

Locked content Chinese tires producer mulls factory in Poland

Shandong Linglong Tyre plans to build €500 million factory in one of the CEE countries, with Poland on the shortlist for possible location, Reuters reported. The company will decide between Slovakia, Czechia, Hungary and Poland and will make a decision within three months. The plant, expected to emp...

Locked content BGK to launch social housing financing platform with EIB

State-owned lender BGK signed a deal with the European Investment Bank to launch an investment platform supporting social and affordable housing projects. By 2021 it will support projects worth PLN 2.1 billion. “Poland needs significant investment in social and affordable housing in the coming years...

Locked content Poland to spend PLN 50 bln on energy transformation – Tchórzewski

According to energy minister Krzysztof Tchórzewski, Poland will have to spend some PLN 50 million in the next 20 years to adapt its energy facilities to meet EU standards. “The European Commission, in its efforts to curb CO2 emissions, proposes solutions that would cost us PLN 150-200 billion. I thi...

Tax revenues up by 21% at end-April – FinMin

During the first four months of the year, Polish treasury received PLN 109.22 billion in taxes, up by 21 percent y/y. This amount represents 36 percent of the annual plan, the finance ministry informed. The revenue from VAT increased by 33.8 percent y/y, while the CIT and PIT taxes revenue increased...