Locked content Cognor Q2 net profit jumps to PLN 16.0 mln

Steel producer Cognor Q2 consolidated net profit grew to PLN 16.0 million compared to PLN 6.4 million a year ago. Operating profit jumped to PLN 51.0 million versus PLN 22.6 million y/y. Operating result was helped by rising prices for the company products, Cognor said. Q2 revenue rose to PLN 535.7 ...

Locked content Cognor with €20 mln loan from EBRD

WSE-listed steel producer Cognor will get a €20 million loan from the European Bank for Reconstruction and Development. The funds will be used to modernize its operations, invest in resource efficient equipment and refinance senior secured notes. The loan is part of a larger €69 million syndicate. “...

Locked content Cognor expects economic growth, rise of steel demand in Poland

Steel producer Cognor expects maintenance of economic growth in Poland and possible increase of demand for steel in the near future, company finance director Krzysztof Zoła said. Steel production in Poland will keep growing year-on-year in the second quarter, however without new investments, further...

Locked content Cognor redeem eurobonds

Huta Stali Jakościowych, a subsidiary of Cognor, has announced a public call to purchase senior secured notes on foreign markets maturing in 2020 worth €100 million, the company said. The offer is valid until December 24, 2015, the notes are to be purchased by the company’s own means in the so...