Locked content PKP Cargo with EU co-financing for three projects

PKP Cargo has been granted co-financing for three projects under the Operational Program Infrastructure and Environment. The value of the co-financing is about PLN 288.65 million, the company has announced. The first project, “Multi-system locomotives and wagons intended for intermodal transpo...

Locked content PKP Cargo orders locomotives from Newag

State-owned logistics operator PKP Cargo signed an agreement with Newag for delivery of three electric locomotives. The value of the contract is about PLN 45.3 million net, the company said in a statement. All three locomotives should be delivered by December 31, 2018. Newag is the WSE-listed rail v...

Locked content PKP Cargo goods transportation up 2% in August

Poland’s largest freight forwarder PKP Cargo transported 9.6 million tons of goods in August, 2 percent more than a year ago and 2.8 percent more than in July. The company’s share in the rail freight market grew in August to almost 46 percent, while a year ago it stood at 44.7 percent. In Janu...

Locked content PKP Cargo with PLN 90 mln H1 net profit

WSE-listed rail freight operator PKP Cargo had PLN 89.6 million net profit in H1 according to preliminary results. This is a 361.9 percent y/y growth. Estimated revenues of the group amounted to PLN 2.51 billion compared with PLN 2.27 billion last year. Operating profit grew by 194.9 percent y/y to ...

Locked content PKP Cargo makes write-down of PLN 18.1 million

WSE-listed, state-owned logistics operator PKP Cargo board decided to make a write-down of PLN 18.1 million. The write-down will affect consolidated net result by PLN 14.6 million, the company said. However, it will not impact the liquidity, PKP Cargo added. The final results will be presented in H1...

Locked content PKP Cargo to deliver 1.9 mln tons of coal to PGNiG Termika

State-owned logistics operator PKP Cargo signed two contracts to deliver in total 1.9 million tons of coal to three plants of PGNiG Termika. The coal will be supplied from January 1 until December 31, 2019. “PGNiG Termika is a regular client of PKP Cargo and the contract concluded for 2019 is ...

Locked content PKP Cargo’s transport volume at 9.2 mln tonnes in May

Railway company PKP Cargo transported over 9.2 million metric tonnes of goods in May, a 2.2 percent increase m/m, the firm stated. Including global cargo transport, PKP Cargo carried nearly 45 million tonnes of goods over the first five months of 2018, 5.8 percent more than in the corresponding peri...

Locked content PKP Cargo mulls takeover

WSE-listed, state-owned logistics operator PKP Cargo along with the Industry Development Agency ARP are negotiating a potential takeover of insolvent train cars factory Gniewczyna from its Slovak owners,  Both interested parties have ordered an audit and expect the final decision to be made February...