Earnings exceeding 50 percent in just over two weeks, during a pandemic and a partial stop of the economy. Is it even possible? Game producers listed on the Warsaw Stock Exchange show that it is not only the production of masks or gloves that can provide huge returns today.
CD Projekt is the unquestioned industry leader and the largest company listed on the Warsaw Stock Exchange, alongside the energy sector companies, a real WIG20 star in these crisis realities.
If we bought CD Projekt shares right after the announcement of the epidemic threat in Poland, when the exchange rate was PLN 244, today at a price of one share of about PLN 318 we would have earned as much as 30 percent (of course, excluding brokerage fees and charges).
The PlayWay capital group, with slightly less share in the WIG-GAMES index, has also been impressive. The shares of the second-largest game producer on the WSE have risen by more than 50 percent since March 14, to PLN 358 per share.
Global gaming market giants are also doing well in these difficult times, but the scale of growth of the US industry tycoons is definitely smaller than that occurring in the Polish backyard.