Locked content Asseco with PLN 288 mln Q3 net profit

WSE-listed IT group Asseco had PLN 288.6 million net profit in Q3, up from PLN 82.1 million last year, but slightly below the PLN 295.3 million market consensus. Revenues amounted to PLN 1.24 billion, down by 34.7 percent y/y, while EBITDA amounted to PLN 172.7 million, down by 38.5 percent y/y. The...

Panattoni completes huge Amazon project near Szczecin

Developer Panattoni Europe has finished construction work on an over 161,500-sqm logistics center project at Kołbaskowo near Szczecin in north-western Poland, which will be used by e-commerce company Amazon. This is the fourth built-to-suit scheme to have been completed by Panattoni Europe for this ...
Image: Ronson Development

Ronson Development with new CEO

Nir Netzer has been appointed as the new CEO of Warsaw Stock Exchange-listed residential developer Ronson Development. He has replaced Tomasz Łapiński who tendered his resignation in September, but continued to perform his duties until now to ensure a smooth succession. The management board of the c...
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Challenges vs. opportunities

With historically low unemployment, employers are hard pressed to find the talent they need. Not only do they have to use innovative candidate-sourcing techniques, but they should also pay more attention to employer branding and increasing employee loyalty. Which industries are facing the biggest ta...

Locked content UnionPay to issue cards in Poland

Chinese banking card payment processor UnionPay signed a strategic deal with Portuguese Banco Comercial Portugues (BCP) to issue its payment cards on the markets where the bank operates. BCP is the owner of WSE-listed Bank Millennium. Besides Poland and Portugal, BCP operates in Switzerland, Angola,...

Locked content Gino Rossi with PLN 3.3 mln Q3 loss

WSE-listed fashion retailer Gino Rossi recorded a consolidated net loss of PLN 3.32 million in Q3, compared to PLN 3.41 million loss a year earlier, the company said in its report. Operating loss amounted to PLN 4.18 million, up by 120.1 percent y/y, while EBITDA loss stood at PLN 1.6 million vs. PL...

Locked content Comarch with Q3 loss

WSE-listed IT group Comarch had a PLN 3.6 million consolidated net loss in Q3, down by 142.9 percent y/y. EBIT pummeled by 31.8 percent to PLN 7.2 million. Revenues were up by 16.3 percent to PLN 260.5 million. The figures suffered by the result on financial operations which posted a PLN 4.7 million...

Treasury debt inches down in October

The debt of the State Treasury of Poland dropped in October by PLN 8.7 billion (0.9 percent decrease m/m), to PLN 932 billion, the Ministry of Finance said. Since the beginning of the year, the treasury debt has increased by PLN 34 billion, the ministry said.

Retail sales up by 8% in October– GUS

Retail sales increased in October by 8 percent year-on-year and 3.3 percent m/m, according to GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 8.1 percent y/y and 3.4 percent m/m.