Locked content Energa with net loss due to impairments

Power utility Energa posted an attributable net loss of PLN 127 million in Q2 2016 due to PLN 552 million gross in impairments, the company said. Last year in the same period, the group posted a profit of PLN 178 million. Energa’s consolidated sale revenues totaled PLN 2.31 billion, compared w...

Locked content Energa allocates more than PLN 200 mln for dividend

Power utility Energa has approved the payout of 24.1 percent of the company’s 2015 profit to dividend, the company reported. Energa will pay a dividend of PLN 0.49 per share, thus committing PLN 202.9 million in total. The decision is in line with management’s recommendation and below th...

Locked content Energa not interested in JSW shares

Poland’s fourth biggest power group Energa anounced it is not interested in either assets or in shares of listed coal mine Jastrzębska Spółka Węglowa (JSW). “In relation to media reports on a potential interest from the power sector in assets or shares of JSW, Energa’s management d...

Locked content Energa net profits drop by 98% in Q1 y/y

Power utility Energa recorded a net profit of PLN 8 million in Q1 2016, compared with PLN 352 million y/y in Q1 2015. The company’s operating profit amounted to PLN 106 million, versus PLN 457 million a year before. Energa’s consolidated sales revenue totaled PLN 2.6 billion, compared with PLN 2.9 b...

Locked content PGE, Energa and PGNiG to hold 17.1% stake each in coal unit PGG

Listed Polish power firms PGE and Energa, plus the power wing of natgas firm PGNiG will put their PLN 500 million in fresh capital into a restructured Polish coal group PGG through February 2017 and hold the stake for a likely 10 years minimum, the Polish Press Agency said. Each of the firms is cont...

Locked content PGE, Energa and PGNiG Termika invest PLN 1.5 bln in coal group PGG

Polish Energy Group (PGE), Energa, and Polish Petroleum and Gas Mining (PGNiG Termika) intend to invest PLN 1.5 billion in coal group Polska Grupa Górnicza (PGG). Energa is ready to invest up to PLN 600 million, PGE up to PLN 500 million, while PGNiG Termika up to PLN 400 million, the filings indica...

Locked content Energa net profit down to PLN 137 mln in Q4 y/y

Power utility Energa recorded a net profit of PLN 137 million in Q4 2015, compared with PLN 181 million y/y in Q4 2014. The company’s operating profit amounted to PLN 243 million, versus PLN 254 million a year before. Energa’s consolidated sales revenue totaled PLN 2.85 billion, compared with PLN 2....

Locked content Energa eyes EDF’s assets in Poland

Polish state-run utility Energa will consider bidding for heating plants owned by French power firm EDF if they become available, wnp.pl web portal reported. Earlier this year, the media informed that EDF had launched a sale of its Polish coal-fired heating and power plants worth up to PLN 2 billion...

Locked content Energa CEO steps down

The CEO of power utility Energa, Andrzej Tersa, has been dismissed from his post and will be replaced by Roman Pionkowski. The supervisory board has also laid off deputy CEO, Jolanta Szydłowska. “The supervisory board has also nominated Roman Pionkowski as an acting member of the board,”...

Locked content Energa net profit at PLN 166.22 mln in Q3

Power utility Energa recorded net profit of PLN 166.22 million in Q3 2015, compared with PLN 213.01 million y/y in Q3 2014 The company’s operating profit amounted to PLN 217.9 million, versus PLN 334.14 million a year before. Energa’s consolidated sale revenues totaled PLN 2.53 billion, ...