Locked content Tauron’s Q3 prelim. EBITDA at PLN 778 mln

Energy producer Tauron Polska Energia has posted its preliminary net profit for Q3 2018 at PLN 286 million, the company stated. Sales revenue amounted to PLN 4.48 billion, and EBITDA came in at PLN 778 million. The company produced an estimated 1.09 million metric tonnes of coal and sold 1.04 millio...

Locked content Gobarto names Marcin Śliwiński new CEO

Meat producer Gobarto has named Marcin Śliwiński its new CEO as of November 1, the company reported.  At the end of September, Gobarto announced the appointment of Śliwiński as the new vice president from November 1. In the meantime, Przemysław Koźlakiewicz resigned from his position as CEO on Octob...

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...

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...

Locked content LOT cancels 10 more flights, presents proposal to strikers

LOT crew is on strike for the eighth day in a row. On Thursday the company canceled in total 10 flights, three from Warsaw and seven arriving to Poland, LOT spokesperson Adrian Kubicki said. In total during the strike, 50 flights were canceled. The protesters aim to return dismissed chairperson of t...

Locked content Mostostal Warszawa wins tender to build school in Wilanów

Mostostal Warszawa offer to build a primary school in Wilanów district has been chosen as most favorable, the company said. The value of the offer is PLN 59.09 million gross. The deadline for works completion is scheduled for August 31, 2020. Mostostal Warszawa has been listed on the Warsaw Stock Ex...

Locked content PKN Orlen Q3 net profit up at PLN 2.06 bln

PKN Orlen recorded PLN 2.06 billion consolidated net profit attributable to shareholders in Q3 versus PLN 1.6 billion a year ago, the company said. Operating profit amounted to PLN 2.29 billion compared to PLN 2.27 billion y/y. EBITDA stood at PLN 2.98 billion compared to PLN 2.94 billion a year ago...

Locked content 723 companies went bankrupt in 9 months

In 9 months as many as 723 companies went bankrupt in Poland, Euler Hermes reported. This is a 7-percent increase compared to 673 bankruptcies in the corresponding period of last year. Euler Hermes expects the number of bankruptcies to grow by about 10 percent annually in 2018 and a subsequent incre...