Locked content Pension funds buy PLN 261 mln worth of stocks in February

Pension funds purchased stocks for PLN 261 million, according to estimations by brokerage Trigon. “We estimate that February was another month of purchases, with net worth of some PLN 261 million. The demand was equally distributed between Polish and foreign stocks, with PLN 127 million and PL...

Locked content Eurocash pofit down 17.5% y/y, company plans to close 17 stores

The 2016 net profit of Eurocash fell by 17.5 percent to PLN 190.02, below market expectations of PLN 208 million. The company is planning to restructure its Eurocash Cash&Carry chain. Over the next two years it will close 17 stores, Polish Press Agency reported. Operational profit dropped by 15....

Locked content Amrest to speed up international expansion

WSE-listed restaurant operator Amrest plans to accelerate restaurant openings in 2017, mostly in foreign markets, as it sees room for development of KFC and Starbucks in Europe as well as of Tagliatella in Spain, the company said in a market filing. Last year, Amrest opened 146 new restaurants. The ...

Locked content KGHM with PLN 4.99 bln Q4 loss

WSE-listed copper and silver producer KGHM had PLN 4.99 billion consolidated net loss in Q4, up from the PLN 6.23 billion loss the year before. EBIDTA stood at PLN 1.51 billion. Revenues from sales stood at PLN 6.01 billion, up vs. PLN 5.15 billion y/y. Production volumes were down for both key prod...

Locked content Poland might join the euro zone in 10-20 years – Deputy PM

According to Deputy PM Mateusz Morawiecki, Poland is not ready to adopt euro as its currency, and such action could be consider after 10-20 years. “If in 10-20 years macro and microeconomic factors will allow us to adopt euro, we could consider it by then,” he said. According to one of the oppositio...

Locked content Up to 94% of Ukrainians want to return to work in Poland – repor...

As many as 94 percent of Ukrainian nationals who work in Poland wants to return here to continue working, the IPF Group report on Ukrainian workers in Poland said. Among them, 64 percent decided to work in Poland due to higher wages, 18 percent give lack of work in their home country as the reason&#...

Locked content Cyfrowy Polsat beats profit consensus

WSE-listed media group Cyfrowy Polsat, had PLN 349.9 million attributable net profit in Q4, beating the PLN 226.7 million consensus. The difference comes from the deferred tax asset which boosted the result by PLN 104 million. EBITDA grew by 2.4 percent y/y to PLN 902.3 million. Revenues were down b...

Locked content BGŻ BNP Paribas net profit up

WSE-listed lender BGŻ BNP Paribas, had a PLN 76.89 million net profit in 2016, up from PLN 13.29 million in 2015.  For Q4 alone, net profit went slightly down by 0.9 percent to PLN 463.0 million. At end-2016 the bank had assets worth PLN 72.31 billion, up from PLN 65.37 billion at end-2015, while th...