Locked content Banking sector 7-month net profit at PLN 9.12 bln

In January-July the banking sector recorded net profit of PLN 9.12 billion, the National Bank of Poland (NBP) reported. Net interest income in the same period amounted to PLN 26.27 billion. In July net profit stood at PLN 1.29 billion, showing a decline of 7.5 percent compared to June. Net interest ...

Locked content TIM H1 net result turns to profit of PLN 6.6 mln

TIM recorded H1 consolidated net profit attributable to shareholders of PLN 6.6 million versus a loss of PLN 3.2 million a year ago, the company reported. Operating profit grew to PLN 8.7 million from PLN 3.6 million y/y. Revenue increased to PLN 392.1 million from PLN 328.6 million a year ago. Impr...

Locked content SGB with new CEO

The management board of SGB-Bank appointed Mirosław Skiba as its CEO. At the same time, the board recalled Jarosław Dąbrowski, lender’s deputy CEO who was acting CEO since April. Skiba appointment has yet to be approved by the Financial Supervision Authority KNF until then he will be holding the pos...

Locked content PiS at 42% and PO with 20% support – Kantar Public poll

According to the latest poll conducted by Kantar Public, if elections took place now, 42 percent of Poles would vote for ruling Law and Justice (PiS), while 20 percent would vote for Civic Platform (PO). PiS support grew by 6 percentage points compared with last month, while PO’s support dropp...

Locked content Fat Dog Games with distribution deal in China

Listed on the small-cap, alternative NewConnect market, game developer Fat Dog Games has started distributing some of its titles on the Chinese market via the Sonkwo platform, the company said in a market filing. Currently, four titles are available. The company is working with major local game dist...

Locked content CD Projekt announces release dates for 2 Witcher games

WSE-listed game developer CD Projekt has announced that it will release two titles based in the popular Witcher universe: “Thronebreaker: The Witcher Tales” and “Gwent: The Witcher card game” on October 23 on PCs. Both games are also scheduled to launch for the Xbox One and PlayStation 4 consoles on...

Locked content Poles are going cashless more and more

As many as 19 percent of Poles do not carry any cash on them, while 33 percent of people under 26 claim they only use electronic forms of payment, according to a study conducted by IBRIS. “Cashless payments is not only a symbol of modernity but also an advantage – both in the social and financ...

Locked content Gino Rossi signs licensing deal with CCC

WSE-listed footwear retailer Gino Rossi signed a licensing deal with rival CCC. The contract is for manufacturing and design and to use Gino Rossi trademark in selected countries. Gino Rossi estimates that it will bring PLN 36-40 million in revenue for 2019-2020 period, including PLN 15-18 million i...

Locked content Pharmacy market up 8.3% y/y in August – PEX PharmaSequence

In August sales in the pharmacy market in Poland amounted to over PLN 2.77 billion, up by 8.3 percent y/y and 2.6 percent m/m, a report prepared by PEX PharmaSequence stated. An average pharmacy turnover in August was PLN 187,500, a 9.6 percent y/y growth. PEX PharmaSequence estimates that in 2018 t...

Locked content Insurers profit reaches PLN 3.8 bln in H1

Net profit of insurers operating on the Polish market increased to PLN 3.81 billion in H1, a 0.2 percent y/y growth, said market lobby Polish Insurance Association (PIU). Gross written premiums amounted to PLN 32.1 billion, up by 1.7 percent y/y. The gross value of claims and benefits paid out stood...