Locked content Ursus launches accelerated arrangement proceedings

The district court in Lublin approved WSE-listed tractor producer Ursus motion to start accelerated arrangement proceedings. The intention of the board is to protect the rights and interests of the company, its shareholders, employees, and contractors against the insolvency threatening the company c...

Locked content Ursus with PLN 21.16 mln net loss in Q2 2018

Ursus recorded a PLN 21.16 million net loss in Q2 2018 compared to a PLN 4.05 million loss a year earlier, the company said in a report. The gross loss amounted to PLN 26.04 million compared to PLN 6.54 million loss a year earlier. The company’s management expects the Group to significantly improve ...

Locked content Ursus with prelim. PLN 16 mln net loss in H1

Polish agricultural machinery manufacturer Ursus recorded unconsolidated net loss of PLN 16 million in H1 versus profit of PLN 6 million a year ago, according to the company preliminary results. Revenue stood at PLN 62 million, a decline of 60 percent y/y. The results were affected by the decrease i...

Locked content Ursus plans to issue up to 5.9 mln shares

Farm machinery producer Ursus plans a share issue in private subscription with the exclusion of pre-emptive rights for existing shareholders. The company wants to issue up to 5.9 million S-series shares priced PLN 2.50 per share, Ursus said. On Friday the company’s shares closed trading at PLN...

Locked content Ursus with a deal to launch production in Senegal

WSE-listed farm machinery producer Ursus signed a contract with state-owned Agricultural Bank of Sudan to establish strategic cooperation aimed at launching manufacturing of Ursus tractors and agricultural machinery in Sudan and establishing a network of service centers throughout the country. “The ...

Locked content Ursus PLN 21.7 mln gross offer in consortium chosen most favorable

Ursus informed in a statement on Thursday that its offer in consortium with Ursus Bus was chosen as most favorable by the Municipal Transport Authority in Lublin. The tender was for delivery of 10 maxi trolleybuses. The value of the offer is PLN 21.7 million gross. Deliveries are to be carried out i...

Locked content 11 bit studios replaces Ursus in mWIG40

Games design studio 11 bit studios will replace Ursus in the mid-cap mWIG40 index and mWIG40TR after the June 15 session, WSE informed in a statement. The small-cap sWIG80 and sWIG80TR indices will include four new companies: Colian, Ovostar, Ten Square Games and Ursus, which will replace 11 bit stu...

Locked content Ursus Q1 net result turns to loss of PLN 1.5 mln

WSE-listed tractor producer Ursus recorded Q1 net loss of PLN 1.47 million compared to a profit of PLN 3.61 million a year ago. Operating profit amounted to PLN 2.49 million compared to PLN 6.47 million in Q1 2017. Consolidated revenues stood at PLN 43.51 million. Q1 net results were negatively affe...

Locked content Ursus with preliminary PLN 4 mln net loss in 2017

Polish agricultural machinery manufacturer Ursus recorded a PLN 4 million loss on revenue of PLN 259 million in 2017, the company has announced presenting its preliminary data. “Net loss in 2017 amounted to PLN 4 million compared to a net profit of PLN 5 million in the same period of the previ...

Locked content Ursus signs deal with Chinese tractor distributor

Ursus signed an agreement with Chinese company Guangdong Jianglong Agricultural Machinery Technology (JML) for the sale, assembly and manufacturing of tractors and farming machinery as well as for the import of parts and components from China, the company informed. “The deal with JML will allow the ...