Locked content Write-downs and reserves will affect Idea Bank results

Idea Bank made write-downs for a total of PLN 190 million and created reserves for PLN 128 million that will affect the bank’s Q2 results. After these corrections Idea Bank’s solvency ratios will temporarily go below the levels indicated by the Polish Financial Supervision Authority KNF,...

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 Agora will write down about PLN 13.6 mln

Media group Agora decided to make a write-down on overdue receivables for about PLN 13.6 million. The amount is not final and may be changed during the review of financial statements, the company said. The write-down can have a negative effect on the financial results, Agora warned. The company plan...