Bank BPH PBK to gain zl. 250 million from sale of assets
It seems that in the third quarter bank BPH PBK will record a profit of zl. 250 million, which will originate from the sale of its assets. The listed company awaits an inflow of financial resources from the future owners of Gorno Slaski Bank Gospodarczy (GBG) and Polcard. PBK is finalizing talks with Banco Santader Central Hispano concerning the sale of GBG. "I believe that a preliminary contract will be signed in April. The trans-action would probably be realized within three to four months, when Santander has obtained the necessary permission," said PBK President Jozef Wancer. Before the final stage of the transaction with the Spanish, PBK is to sell GTech, an American group, a 20% stake in Polcard. "I believe that GBG is worth at least zl. 300 million - zl. 350 million, thus PBK might obtain more than zl. 200 million for its shares, which in turn would mean that its gross profit would amount to zl. 60 million, while Polcard would guarantee the bank a profit of zl. 40 million," claimed Marcin Materna, an analyst from Dom Maklerski Millenium. (Puls Biznesu, p. 8) A.C. PTC to announce 2002 results today Most analysts refuse to make forecasts as to the profit Polska Telefonia Cyfrowa (PTC) made last year, with only ING putting the figure at zl. 200 million. Today PTC, operator of mobile network Era, will announce its results for the year 2002. "The operator will maintain its position as leader on the cellular phone market," claimed one analyst. PTC is 49% owned by the German operator Deutsche Telecom and 5 % by Elektrim Telekomunikacja (ET), whose majority shareholder is the French media concern Vivendi, with Elektrim as minority shareholder. "A few months ago, Elektrim was one of the most important companies on the stock market, thus at the time any discussion over the situation of Era was legitimate, however now when Elektr im is on the stock exchange black list, interest in PTC has fallen. With five million clients, PTC is expected to post a zl. 600 million profit in 2003. (Puls Biznesu, p. 8) A.C.
