Locked content Enea Q2 net profit down at PLN 190.4 mln

Enea net profit attributable to shareholders fell to PLN 190.4 million in Q2 from PLN 285.9 million a year ago. Operating profit declined to PLN 294.1 million from PLN 399 million in Q2 2017. Revenue from net sales stood at PLN 6.04 billion. In Q2 the company generated almost 6.5 TWh of electricity,...

Locked content Energa approves Ostrołęka plant expansion

Shareholders, of the WSE-listed, state-controlled power utility Energa granted “a directional consent” to launch the construction stage of the new coal-fired block at Ostrołęka plant, the company said in a market filing. Another stakeholder in the project, WSE-listed, state-run utility Enea will mak...

Locked content Enea doesn’t plan to change dividend policy

WSE-listed power utility Enea does not plan to change its dividend policy, CEO Mirosław Kowalik said. “The dividend policy stays, Enea remains a dividend company, ” Kowalik said during a press conference. He specified that the management decided to recommend retention of profit for 2017 ...

Locked content Energa: No appeals in the Ostrołęka plant expansion tender

WSE-listed power utility Energa said that it has received no appeals against the outcome of the tender for its Ostrołęka power plant expansion. The tender was won by a GE Power/Alstom Power consortium which bid PLN 5.05 billion to construct the block. Three offers were submitted in the tender for th...

Locked content Enea interested in offshore wind farms

WSE-listed power utility Enea is interested in investing in offshore wind farms, the company’s CEO Mirosław Kowalik said. “Looking at what is happening in Europe, how much the costs of the capex are optimized. It’s an interesting direction. There are some projects that we are interested in, but it&#...

Locked content Enea with PLN 1.07 bln 2017 net profit

WSE-listed power utility Enea generated an attributable net profit of PLN 1.07 billion in 2017, and PLN 284 million in Q4, according to the company’s preliminary financial results. The company’s revenue from sales stood at PLN 11.4 billion, EBITDA reached PLN 2.68 billion, and EBIT at PLN 1.49...