March 17, 2017 / 6:52 AM / 9 months ago

Poland - Factors to Watch March 17

Following are news stories, press reports and events to watch that may affect Poland’s financial markets on Friday. ALL TIMES GMT (Poland: GMT + 1 hour):

KGHM

Poland’s state-run KGHM, one of the world’s biggest copper and silver producers, on Thursday posted a consolidated net loss of 4.37 billion zlotys ($1.09 billion) for 2016, hit by an impairment related to the value of foreign assets.

JSW.WA

Poland’s JSW, the biggest coking coal producer in the European Union, swung to a net profit in 2016 after two years of losses, it said on Thursday, citing cost cuts and a rise in coal prices.

DATA

Poland’s statistics office to release industrial output, PPI and retail sales data for February at 1300 GMT.

PGNiG, EDF

Poland’s gas firm PGNiG walked away from the Polish consortium bidding for local EDF power and heating assets in order to focus on investment in upstream activities outside Poland, especially on the Norwegian shelf, Parkiet daily said, quoting PGNiG press office.

PLAY

Polish mobile phone operator Play has started buying back bonds it issued two years ago, Parkiet said.

ASSECO POLAND

Eastern Europe’s largest software maker, Asseco Poland, reported late on Thursday that its net profit in 2016 fell to 301 million zlotys from 365 million zlotys a year earlier.

****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****

For other related news, double click on: Polish equities E.Europe equities Polish money Polish debt Eastern Europe All emerging markets Hot stocks Stock markets Market debt news Forex news For real-time index quotes, double click on: Warsaw WIG20 Budapest BUX Prague PX (Reporting by Warsaw Bureau)

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