Locked content Orbis H1 profit up to PLN 82.25 mln y/y

Orbis recorded PLN 82.25 million attributable net profit in the first six months of 2017 compared to PLN 71.38 million the year before, the company reported in the report.  The company’s operating profit stood  PLN 121.07 million vs. PLN 91.52 million profit a year earlier. Consolidated sales revenu...

Locked content mBank net Q1 profit down 30% y/y 

mBank recorded a consolidated net profit of PLN 269.7 million in Q2 2017, compared with PLN 388.5 million in Q2 2016, the lender informed in a report. The bank’s net interest income totaled PLN 764.78 million, while in the same period last year, it stood at PLN 684.44 million. Net fees and com...

Locked content Sfinks shareholders against Dominium takeover

The Supervisory Board of the WSE-listed restaurant operator Sfinks Polska has decided against buying a 40 percent share in the Dominium pizzeria chain. “In the opinion of the Board, the purchase of the shares does not guarantee control over Dominium activity, limiting possible synergies, and does no...

Locked content EU to fight double food standards

European Commission President Jean-Claude Juncker said on Thursday that the same food products should have the same ingredients throughout the whole European Union, signing with several CEE countries who are fed up with being sold the inferior products. “”I don’t like the idea that there...

Locked content Millennium Bank closer to buying Deutsche Bank Polska

WSE-listed Millennium Bank has moved onto the second phase of talks regarding buying the Polish assets of Deutsche Bank. “We’ve analyzed the, passed to the second phase, and have answered some of the required questions, but I won’t give details,” Millennium Bank CEO Nuno Amado said. Port...

Locked content GetBack gets UOKiK approval for EGB takeover

WSE-listed debt collector GetBack received the Polish antitrust watchdog UOKiK approval to takeover EGB Investments from Atlus TFI. GetBack bought EGB back in May, acquiring 99.4 percent of its shares for PLN 207.6 million. EGB Investments conducts debt collection activities, assisting banks, financ...

Locked content PGNiG signs PLN 4.8 bln extension deal with KGHM

WSE-listed, state-owned gas giant PGNiG sign PLN 4.8 billion deal with another state-run company, copper and silver miner KGHM for gas delivery. The contracts guarantee KGHM gas supplies until October 1, 2033. The new framework deal replaces the five long-term contracts between companies and unifies...

Locked content WSE Q2 profit in line with expectations

Warsaw Stock Exchange, had a PLN 42 million net profit in Q2 2017, up 26.7 percent y/y and PLN 0.5 million above expectations. The revenues stood at PLN 87.6 million, up by 17.7 percent y/y, and in line with the consensus, while the operating profit was up by 34 percent y/y, to PLN 49 million…...

Locked content mBank sets aside PLN 1 bln on M&A

WSE-listed lender mBank, has allocated PLN 1 billion for potential acquisition, its CEO Cezary Stypułkowski said. He did not want to comment, however, whether his bank is interested in buying Deutsche Bank’s Polish assets. “In our strategy last year, we said that we would not exclude possible acquis...