Locked content CCC prelim. Q3 EBITDA at PLN 40.6 mln

Footwear retailer CCC reported preliminary Q3 EBITDA of PLN 40.6 million (without IFRS 16) versus a consensus of PLN 47.7 million. Preliminary net loss stood at PLN 37 million, the company said. According to IFRS 16 standard,  preliminary EBITDA was PLN 160.1 million, and net loss attributable to pa...

Locked content WSE resumes trading of Krezus shares on Oct. 29

The Warsaw Stock Exchange will resume trading of Krezus shares on October 29 – the stock exchange said. The trading was suspended from October 23 at the request of the Polish Financial Supervision Authority (KNF) due to suspected violation of investors’ interests. According to KNF, one o...

Locked content LOT cancels flights on Saturday despite strike suspension

LOT had to cancel seven flights on Saturday although protesters suspended the strike until Monday, Konrad Majszyk from the company press service told Polish Press Agency (PAP). “The situation is gradually returning to normal, but despite the suspension of the strike, it is difficult to fill up...

Locked content LPG and diesel prices may rise – BM Reflex

This week prices for LPG and diesel may grow due to the higher demand for fuels during the holiday season. Gasoline prices are expected to remain stable, BM Reflex analysts said. The fuel prices before All Souls’ Day will be higher versus a year ago. The increase of 12 percent is seen for gasoline, ...

Locked content Oil prices decline for the third week

For the third consecutive week, the oil prices have been declining. On the New York Stock Exchange, the prices fell by 3 percent, while in London the decrease was 4.2 percent. Such a downward trend has not been observed since August. Investors closely monitor Saudi Arabia’s declarations on the...

Locked content Netia net profit up at PLN 18.8 mln in Q3

Netia recorded PLN 18.83 million of consolidated net profit in Q3 compared to PLN 13.8 million a year earlier, the company said. Operating profit amounted to PLN 23.13 million versus PLN 20.69 million y/y. Revenue grew to PLN 340.83 million from PLN 356.46 million in Q3 2017. In the 9-month period, ...

Locked content Regional airports 9-month passenger traffic up 17%

In the first three quarters of this year, 13 Polish regional airports carried almost 21.9 million passengers, or 3.2 million  (17.1 percent) more compared to the same period of 2017, according to the data of the Regional Airports Association.   The number of passengers grew in all thirteen Polish re...

Inflation is expected to grow in H1 2019

The majority of Monetary Policy Council members estimated that inflation in H1 2019 will increase, but will be close to the inflation target (2.5 percent y/y +/- 1 percentage point), according to “minutes” from the meeting published by the National Bank of Poland (NBP).

Locked content PKP Cargo orders locomotives from Newag

State-owned logistics operator PKP Cargo signed an agreement with Newag for delivery of three electric locomotives. The value of the contract is about PLN 45.3 million net, the company said in a statement. All three locomotives should be delivered by December 31, 2018. Newag is the WSE-listed rail v...

Locked content Hoist Finance plans to file offer for GetBack assets

Debt collector Hoist Finance AB plans to submit an offer for GetBack assets, Hoist Finance informed. “We see opportunities for mergers and acquisitions in other countries, ex. on the Polish market, where we intend to submit a bid for GetBack assets”, the company wrote. At the beginning o...