Mennica Polska with $86.9 million order from Thailand and strong apartment sales in development project

Polish national mint Mennica Polska has received an order from Thailand for the production and delivery of 99,000 gold medals commemorating the cremation ceremony of the late King Bhumibol Adulyadej. The value of the order is $86.9 million, the company stated. The group, which also carries out residential development, will show its first revenue for the sale of apartments in Mennica Residence in Warsaw in Q4, the company stated. Currently, 176 out of 189 apartments in the first phase of the development have been sold, covering 90 percent of the entire usable area. Average price stood at PLN 13,800 for sqm. The price in the second stage of the investment could be similar or slightly higher, according to Karolina Iwuć, management board member of the company. Mennica will also remain a long term investor in telecom company Netia.