Locked content Bank BPH net profits fall y/y to PLN 4.43 mln in Q3

Bank BPH recorded a consolidated net profit of PLN 4.43 million in Q3 of 2016 for continuing and discontinued operations, down from PLN 4.85 million a year earlier, the bank reported. The bank explained that due to the purchase of its Primary Activities by Alior Bank, starting with the report for Q1...

Locked content WSE net profit rises to PLN 40.34 mln in Q3

The Warsaw Stock Exchange (WSE) recorded a consolidated net profit of PLN 40.34 million in Q3 of 2016, up from PLN 30.11 million a year earlier, the company announced. The operational profit amounted to PLN 45.13 million versus PLN 35.31 million a year before, while consolidated sales revenues stood...

Locked content BZ WBK and mBank y/y profits fall in Q3

Bank Zachodni WBK recorded a PLN 425.93 million consolidated net profit attributable to shareholders of the parent company in Q3 of 2016, a y/y drop from PLN 472.72 million, the bank reported. The bank’s net interest income stood at PLN 1.218 billion, up from PLN 1.09 billion a year earlier. N...

Locked content Top Polish banks see 33% quarterly drop in profits

Poland’s nine top WSE-listed banks are likely to post an over 30 percent decline in aggregate net profit in Q3, after Q2 earnings were padded by the sale of the Polish stake in Visa Europe. The total net profit of these banks is expected to reach PLN 2.49 billion, down 16 percent y/y and down&...

Locked content Kopex with net loss of PLN 547 mln in H1

Polish mining equipment producer Kopex posted a net loss of PLN 547.3 million in H1 2016 as the firm turned over PLN 330 million in non-cash impairments, the company said in a report. Last year, Kopex had a net profit of PLN 23 million. Consolidated revenues stood at PLN 446.3 million, which means a...

Locked content Grupa Kęty sales at PLN 2.26 bln in FY 2016

Aluminum processing company Grupa Kęty has recorded a consolidated net profit of PLN 279 million in FY 2016, which is 14 percent higher than in the corresponding period last year, the company informed in its flash estimates. Sales revenue inched up by 55 percent y/y up to PLN 2.26 billion, while EBI...

Locked content Newag posts PLN 220 mln sales in H1

Rolling stock producer Newag recorded PLN 219.07 million in consolidated sales in H1 2016, compared to PLN 411.32 million in the corresponding period last year, the company said. Consolidated net loss amounted to PLN 4.02 million, versus a net profit of PLN 6.86 million in H1 2015. EBITDA fell by 69...

Locked content Erbud with PLN 788 mln revenue in H1

Polish construction group Erbud has recorded revenues of over PLN 788 million in H1 2016 (in comparison with PLN 806 million in the corresponding period last year) and a net loss of PLN 8.2 million over the financial year. Erbud’s operating profit grew by 108.8 percent on an annual basis up to...

Locked content BGŻ BNP Paribas posts profit of PLN 33.4 mln in Q2

Commercial lender BGŻ BNP Paribas posted a PLN 33.4 million attributable net profit in Q2 2016, which is 6.7 percent higher on a quarterly basis, the bank informed. Net interest income inched up by 5.8 percent q/q to PLN 460.5 million, while net fees decreased by 0.9 percent q/q to PLN 121.9 million...