Locked content 30 casualties in road accidents during the long weekend

According to the police statistics, 30 people were killed on Polish roads during the August long, 5-day-long weekend. Another 610 were injured in 468 accidents, police stopped over 1,500 drunk drivers. Last year, during the Assumption of the Blessed Virgin Mary long weekend, 45 people were killed an...

Locked content Poland wants to have 4.5 GW of nuclear capacity by 2040

According to the Minister of Energy, Krzysztof Tchórzewski, Poland wants to have 4.5 GW nuclear power capacity by 2040. He added that Warsaw should be able to finance the construction itself, but the technology will be purchased in the tender, “the choice of equipment will be such as to guarantee th...

Locked content Lotos eyes US oil

WSE-listed, state-owned gas giant Lotos is considering buying oil in the US, although doesn’t expect first deliveries this year. “We are working intensively on opening up the US routes when it comes to oil,” company’s deputy CEO Jarosław Kawula said. He added that currently, based on information fro...

Locked content WSE suspended trading of six companies

WSE decided to suspend trading of Elkop shares on the main market between August 25-September 6. The bourse also suspended trading on shares of five companies listed on the small-cap, alternative market NewConnect: Alkal, Dase, Ekokogeneracja, Loyd and Polscy Inwestorzy, starting from August 18. The...

Locked content PFR with PLN 290 mln net profit in H1

State-run development fund PFR had a PLN 290 million net profit in H1, according to the fund president Paweł Borys. At the same time, PFR’s assets grew to PLN 5 billion from PLN 1.2 billion a year ago, mostly due to the purchase of Pekao….

Locked content Lotos with PLN 1 bln capex in H2 – CFO

WSE-listed fuel group Lotos plans spend over PLN 1 bln on investments in H2. “The capex for 2017 is some PLN 2 billion which means that over PLN 1 billion may be spent in H2,” company’s CFO Mariusz Machajewski said. This spending should not affect the company’s debt level, barring any major mo...

Locked content Lotos Q2 profit drops

WSE-listed fuel giant Lotos posted a PLN 157.5 million Q2 net profit, down from PLN 225.8 million a year ago. Operating profit decreased to PLN 172.9 million from PLN 550.6 million a year earlier. EBITDA dropped to PLN 383.6 million from PLN 810.3 million a year ago. Group revenues increased to PLN ...

Locked content KGHM Q2 profit falls

WSE-listed copper and silver giant KGHM posted a PLN 93 million net profit in Q2, down from PLN 135 million profit a year earlier. Revenues amounted to PLN 4.8 billion, up from PLN 4.44 billion last year. “Significant increases in revenues and operating results of the KGHM Group in the second quarte...

Locked content JSW with PLN 566 mln Q2 profit

WSE-listed coal miner JSW had PLN 566.2 million Q2 net profit, beating the PLN 503.5 million expected by analysts polled by the Polish Press Agency (PAP). In the corresponding period last year, the company posted PLN 89.3 million loss. Revenues amounted to PLN 2.31 billion, up by 55.4 percent y/y, w...

Locked content Electricity consumption up 2.3% y/y in July – grid operator PSE

Electricity consumption increased by 2.3 percent y/y in July to 13.428 GWh, while production grew by 1.9 percent y/y to 13.153 GWh, the national grid operator PSE said. Year-to-date, the consumption amounted to 96.953 GWh, a 2.3 percent y/y increase, while production reached 96.166 GWh, a 3.8 percen...