DB Energy will debut on NewConnect on July 9
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DB Energy, operating in energy efficiency services for the industry, will debut on July 9 on the NewConnect market, the stock exchange announced in a statement. 1.5 million series B shares and over 301,000 series C shares will be traded. In March, the company raised PLN 3.26 million from the private placement. After the offer, new shareholders own a block of shares representing nearly 10 percent of the share capital.
After three quarters of 2018/19, the company generated PLN 8.4 million in revenue (up by over 85 percent y/y). EBITDA amounted to PLN 1.04 million compared to PLN 1.4 million a year earlier, and net profit dropped to PLN 0.65 million compared to PLN 1.1 million a year earlier.
(PAP)
