Locked content Enea posts net profit at PLN 272.9 million

State-controlled power distributor Enea recorded net profits of PLN 272.94 million in its first-quarter in 2016, compared to PLN 262.73 million a year before, the company informed. Operational profits amounted to PLN 388.64 million, versus PLN 327.32 million in Q1 2015. Enea’s revenues reached...

Locked content Enea recorded PLN 290 million net profit in Q1

Power utility Enea generated a consolidated net profit of PLN 290 million in Q1 2016, despite a PLN 1.23 billion net loss in Q4 2015. The company’s revenue stood at PLN 2.94 billion. Enea’s operating profit amounted to PLN 389 million in Q1 2016, whereas EBITDA reached PLN 668 million. E...

Locked content Enea posted PLN 1.23 bln net loss in Q4

Power utility Enea generated a consolidated net loss of PLN 1.23 billion in Q4 2015, compared with a net profit of PLN 75.6 million in Q4 2014, the company said. The company’s operating net loss amounted to PLN 1.21 billion in Q4 2015, compared with a profit of PLN 75.6 million. Enea’s EBITDA ...

Locked content Enea with net loss of PLN 399 mln in 2015

Power utility Enea generated a consolidated net loss of PLN 399 million in 2015 due to impairments of PLN 1.7 billion, the company said. Enea’s EBITDA amounted to PLN 2.13 billion and consolidated sale revenues totaled PLN 9.85 billion. Enea Group comprises three leading units: Enea, Enea Operator a...

Locked content Enea’s provision equals PLN 1.7 bln

Enea, a Polish manufacturer, supplier, and distributor of electricity, has made a provision of PLN 1.7 billion in the accounts and nearly PLN 2.09 billion in the unit. The Company stated that Area Power System brought PLN 1222.3 million, Heat Area – PLN 253.6 million, and RES Area – PLN ...

Locked content Enea CEO dismissed

The supervisory council at energy group Enea has decided to dismiss chief executive officer (CEO) Krzysztof Zamasz and board member Paweł Orlof, it informed. Wiesław Piosik, a member of the supervisory council who had been delegated to the council by the State Treasury last week, was appointed actin...

Locked content Enea signs PLN 700 million bond issue deal

Power utility Enea has signed a deal on a PLN 700 mln bond program with state-owned lender BGK, Enea said. The bonds have a floating interest rate that will be determined based on the WIBOR 6M interest rate, plus bank’s margin. The company may take advantage of the program until March 1, 2018....

Locked content Enea will not delist Bogdanka

Power company Enea which acquired LW Bogdanka is not planning to remove the mine from the Warsaw bourse, its CEO Krzysztof Zamasz told the media at a press conference. However, it has not ruled out increasing its stake to 100 percent. Zamasz explained that the decision concerning purchasing more Bog...

Locked content Fitch affirms ENEA at ‘BBB’ on Bogdanka acquisition

Fitch Ratings has affirmed state-controled power company Enea’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’ and National Long-term rating at ‘A(pol)’ with Stable Outlooks, a press release read. The acquisition has officially been complete...

Locked content Enea takes over KHW

State-controlled power utility Enea will take over ailing mine Katowicki Holding Węglowy (KHW), according to Polish daily Rzeczpospolita. The newspaper reported that Enea’s involvment in KHW was a condition attached by the State Treasury when it agreed for the company to take over LW Bogdanka ...