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Poland - Factors to Watch Apr 27
April 27, 2017 / 6:17 AM / 8 months ago

Poland - Factors to Watch Apr 27

Following are news stories, press reports and events to watch that may affect Poland’s financial markets on Thursday. ALL TIMES GMT (Poland: GMT + 2 hours):


Poland’s biggest oil refiner PKN Orlen PKN.WA said on Thursday that its first-quarter net profit rose to 1.92 billion zlotys ($495.51 million) from 337 million a year earlier, helped by an insurance payment, fuel sales and oil prices.


Poland’s fourth largest lender by assets, mBank, reported on Thursday a 29 percent annual fall in its first-quarter net profit to 219 million zlotys reflecting the impact of the cost of bank guarantee funds charges.


Poland’s largest telecoms operator Orange Polska OPL.WA, a unit of France’s Orange ORAN.PA, posted a net profit of 39 million zlotys in the first quarter, beating the expectations of analysts who expected a 15 million zloty loss.


Telecoms operator Netia said late on Wednesday that its first quarter revenue reached 364.5 million zlotys versus 390.5 million zlotys a year ago, while net profit stood at 12.0 million zlotys versus loss of 10.2 million zlotys a year ago.


Deutsche Telekom may consider selling its Polish unit T-Mobile if its management does not succeed in improving results in the coming months, Rzeczpospolita daily said quoting unnamed sources.


Polish utility Energa may quit the consortium of Polish state-run firms bidding for EDF’ local power and heating assets, Dziennik Gazeta Prawna daily said quoting unnamed sources.


Trade unions at Polish coking coal miner JSW wants to regain some of the benefits they resigned from in 2015 when the company faced a real risk of collapse, Rzeczpospolita said quoting the unions’ representatives.

****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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