Locked content Baltona revenue up 54% in August

Duty-free and travel retailer Baltona recorded consolidated revenue of PLN 46.4 million in August, a 54 percent increase y/y.  In January-August revenue amounted to PLN 312.8 million, 25 percent more compared to the same period of 2017, the company reported. Retail stores (Travel Retail) generated r...

Locked content Torpol expects to have net profit in 2018

Construction firm Torpol plans to reduce net loss in Q3 and to reach a net profit by the end of 2018, CEO Grzegorz Grabowski said.  Torpol expects an increase in order portfolio and double-digit margins for its unit Torpol Oil & Gas. In H1 the group had sales revenue of PLN 545.6 million, an inc...

Locked content 2,250 vehicles above 3.5 tons registered in August

Registration of new vehicles weighing above 3.5 tons grew by 8 percent to 2,250 in August. The registrations of trucks grew by 6.9 percent y/y to 2,026 units, and for buses, it increased by 19.1 percent y/y to 224 units, the Polish Automotive Industry Association (PZPM) reported. From the beginning ...

Locked content Unemployment down by 0.2% m/m in August – MRPiPS

In August the number of unemployed people in Poland fell by 0.2 percent on the monthly basis and amounted to 959,500, the Ministry of Family, Labour and Social Policy (MRPiPS) said. This is a 15.5 percentage points decline compared to a year ago. The unemployment rate in August stood at 5.8 percent,...

Locked content Facebook will launch new data center in Singapore

Facebook will launch a new data center in Singapore,  BBC reported on Thursday. The new facility will cost more than $1 billion. The center, which will be located in the west of the country, has been designed as an 11-floor building. The center should be powered by 100 percent renewable energy. Sing...

Locked content Redan prelim. revenue down 1% in August

Preliminary revenue of Redan stood at PLN 48 million in August, a decrease of 1 percent y/y, the company reported.  In January-August revenue was about PLN 370 million, about 1 percent lower than in the same period last year. The area of Redan sales network at the end of August was 141,300 sqm, abou...

Locked content Agora ends long-term agreements with Ruch

Media group Agora decided to terminate long-term distribution agreements with Ruch. The decision was taken due to Ruch liabilities towards Agora, the media company said. At the same time, Agora expressed willingness for further cooperation with Ruch based on current bilateral agreements. In January-...

Locked content Luma Holding announces tender for Protektor

Luma Holding announced tender for 33.1 percent of stake in Protektor equal to 6.3 million shares. The proposed price is PLN 4.2 per share, DM mBank intermediary informed. The subscription for shares will begin on September 26, and completion is scheduled for October 9. The expected date of the trans...

Locked content Grupa Azoty buys Goat TopCo for max. €235 mln

Chemicals producer Grupa Azoty signed a conditional agreement to buy 100 percent stake in German Goat TopCo for up to €235 million. The transaction will be fully financed from available credit facilities. The closing of the deal is expected not earlier than in October and not later than in Q1 2019. ...

Locked content Wrocław Airport with over 1.1 mln passengers in June-Aug.

Wrocław Airport served over 1.1 million passengers in the June-August period. In August passenger traffic grew by more than 22 percent y/y and stood at 373,000. In July the number of passengers was record high and reached 374,000. From the beginning of 2018, the airport transported 2.25 million pass...