Locked content PBG with H1 loss

WSE-listed construction firm PBG recorded a PLN 3.83 million consolidated net loss in H1, down from a PLN 828.7 million profit last year. EBIT amounted to PLN 20.9 million, compared with PLN 828.7 million in the corresponding period last year. According to PBG’s financial report, this year’s results...

Locked content PBG with PLN 4.2 bln contract portfolio

Construction capital group PBG had PLN 4.2 billion worth of contracts in its portfolio as of January 2017, PLN 1.82 billion of which is scheduled for completion in 2017, the company stated in its annual report. Almost 97 percent of the group’s contracts are in the energy construction business, inclu...

Locked content PBG raises PLN 118 mln in bonds issue

Mining construction firm PBG has allocated 852,900 bonds within the company’s second bond issue. The total value of the issue was over PLN 118 million. PBG specializes in construction of  installations for gas and oil extraction as well as general contractor for energy installations and constr...

Locked content PBG posts net profit of PLN 867 mln for H1

Polish infrastructure producer PBG has recorded PLN 867.04 million in net profits in H1 2016, compared to a new loss of PLN 87.45 million in the corresponding period last year, the company informed in a market filing. The operating profit stood at PLN 828.7 million, versus a PLN 108.5 million loss i...

Locked content PBG to pay off creditors by 2020

Construction company PBG, in bankruptcy reorganization proceedings, has filed a debt restructuring plan to court, the firm said in a statement on Tuesday. It stipulates for the satisfaction of all creditors by 2020. PBG’s creditors were divided into seven groups, to be paid off successively between ...

Locked content LNG terminal to be operational on time – contractor

“The terminal will be ready by mid-2015,” Jacek Balcer, head of corporate communications at PBG told Bloomberg. PBG, which is a part of a group of companies led by Italian Saipem, won the tender back in 2010 to build the LNG terminal in Świnoujście. Since than it renegotiated the deal, bringing the ...