Locked content Stalprodukt H1 net profit up at PLN 170.0 mln

WSE-listed steel products manufacturer and distributor Stalprodukt posted PLN 170.0 million consolidated net profit for H1 versus PLN 138.9 million a year ago, the company reported. Operating profit grew to PLN 193.1 million from PLN 188.8 million y/y. Consolidated revenue stood at PLN 1.97 billion,...

Locked content Orbis unit does not use right to buy hotel in Prague

Kateřinská Hotel, a wholly-owned subsidiary of Orbis, will not carry out the option to buy Hotel Century Old Town Prague MGallery By Sofitel in Prague, the company said. The seller questioned the financial condition of the purchase option, and parties are currently discussing a possible amicable sol...

Locked content Betacom will pay dividend of PLN 0.75/shr

IT company Betacom shareholders decided on dividend payment of PLN 0.75 per share for the fiscal year ended on March 31, 2018. Total dividend payment will amount to PLN 1.5 million and will be distributed on September 20. The record date is set for September 6. A year ago Betacom distributed a divid...

Locked content UODO gets over 2,000 complaints as to data protection

In the first three months after General Data Protection Regulation (RODO) came into force, more than 2,000 complaints related to data protection were submitted to the Personal Data Protection Office (UODO). In the entire 2017, there were nearly 3,000 complaints, President of UODO Edyta Bielak-Jomaa ...

Locked content Poland is in talks to build railway bridge to Belarus

Poland negotiates with Belarus the construction of an additional railway bridge across the Bug River between Terespol and Brest, Deputy Minister of Infrastructure Andrzej Bittel said. PKP PLK plans investments to increase the transshipment capacity in Terespol. Belarusian side currently evaluates pr...

Locked content PGNiG Q2 net profit up at PLN 704 mln

WSE-listed gas giant PGNiG reported PLN 704 million of consolidated net profit in Q2 compared to PLN 499 million a year ago. Operating profit grew to PLN 969 million from PLN 768 million y/y. EBITDA rose to PLN 1.63 billion from PLN 1.41 billion y/y. Revenue amounted to PLN 7.64 billion. In H1 net p...

Locked content Poles have about PLN 71 bln of debt

Total debt of Poles resulting from, among others, late payments of credits, loans, alimony and utility bills stood at nearly PLN 71 billion, BIG Infomonitor and BIK informed. In H1 2018 the debt grew by about PLN 6.5 billion: by PLN 5.25 billion in Q2 and by PLN 1.24 billion in Q1. In Q2 the…

Locked content Deputy PM: Poland might ignore ECJ ruling on justice reform

According to Deputy PM Jarosław Gowin if the European Court of Justice rules against the Polish government’s attempt to overhaul judiciary, Warsaw “will probably have no choice and ignore the ruling of the [court] as contrary to the Lisbon treaty and the whole spirit of European integration.” On Mon...

Locked content Ten Square Games with PLN 12.5 mln H1 net profit

WSE-listed video game developer Ten Square Games had a PLN 12.53 million net profit in H1, up from PLN 2.98 million profit a year earlier, the company said. “The increase in cash flows from operating activities (+ 332%) is a direct translation of good financial results, The Group’s investment ...

Locked content Indata declared bankrupt

Warsaw District Court has declared the WSE-listed IT company Indata bankrupt. The creditors now have 30 days to submit their claims (if they were not disclosed in the proper registry). Among the company’s debt are two series of bonds issued late last year worth PLN 1 million each. Indata is a holdin...