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Ciech SA (CIEP.WA)

CIEP.WA on Warsaw Stock Exchange

34.80PLN
23 Aug 2019
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33.55zł

Latest Key Developments (Source: Significant Developments)

Ciech AGM Resolves To Allocate FY 2018 Net Profit To Reserve Capital
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Ciech SA ::SAYS AGM RESOLVES TO ALLOCATE FY 2018 NET PROFIT TO RESERVE CAPITAL AND TO COVER FROM IT LOSS RECOGNISED AS OPENING BALANCE ADJUSTMENT.  Full Article

Ciech Romanian Unit To Start Preparing For Possible Halt In Production
Friday, 9 Aug 2019 

Aug 9 (Reuters) - Ciech SA ::SAYS ITS UNIT CIECH SODA ROMANIA RESOLVES TO START PREPARING FOR POSSIBLE CESSATION OF PRODUCTION IF ITS SOLE STEAM SUPPLIER STOPS DELIVERY.SAYS POSSIBLE OUTAGE OF ITS ROMANIAN PLANT SHOULD NOT IMPACT ITS ABILITY TO REACH EBITDA TARGET OF OVER 900 MILLION ZLOTYS IN 2021.  Full Article

Ciech Corrects Its Full-Year 2018 Net Profit To 112 Mln Zlotys
Thursday, 25 Jul 2019 

July 25 (Reuters) - Ciech SA ::SAYS THAT GIVEN THE NECESSITY TO BOOK PROVISION FOR TAX, INTEREST AND IMPAIRMENT LOSS ON DEFERRED TAX, IT HAS CORRECTED ITS FY 2018 AND Q1 2019 FINANCIAL STATEMENTS nFWN23Y0HM.SAYS FY 2018 NET PROFIT IS NOW 112 MLN ZLOTYS, VERSUS 183 MILLION ZLOTYS REPORTED PREVIOUSLY.SAYS Q1 2019 NET PROFIT IS NOW 61.8 MILLION ZLOTYS VERSUS 62.6 MILLION ZLOTYS REPORTED PREVIOUSLY.  Full Article

Ciech Q1 Net Profit Down At 62.6 Mln Zlotys
Tuesday, 28 May 2019 

May 28 (Reuters) - Ciech SA ::Q1 NET PROFIT 62.6 MILLION ZLOTYS VERSUS 73.9 MILLION ZLOTYS YEAR AGO.Q1 NET REVENUE 952.7 MILLION ZLOTYS VERSUS 885.7 MILLION ZLOTYS YEAR AGO.Q1 OPERATING PROFIT 83.4 MILLION ZLOTYS VERSUS 102.1 MILLION ZLOTYS YEAR AGO.  Full Article

Ciech Plans Investments In Energy Area Of Around 250-300 Mln Zlotys
Tuesday, 28 May 2019 

May 28 (Reuters) - Ciech SA ::STARTS PREPARATORY STAGE OF CRUCIAL INVESTMENTS IN ENERGY AREA.SAYS PROJECT IS CONSIDERING CONSTRUCTION OF NEW GENERATION SOURCES POWERED BY GAS FUEL.SAYS VALUE OF SAID INVESTMENTS IS ESTIMATED BETWEEN AROUND 250 MILLION ZLOTYS AND 300 MILLION ZLOTYS.SAYS EFFECTS OF INVESTMENT WILL HAVE A POSITIVE IMPACT ON CONSOLIDATED FINANCIAL RESULTS OF CIECH GROUP.  Full Article

Ciech Unit Signs Annex To Deal With S.C. CET Govora
Monday, 1 Apr 2019 

April 1 (Reuters) - Ciech SA ::ITS UNIT CIECH SODA ROMANIA SIGNS ANNEX TO DEAL WITH S.C. CET GOVORA FOR DELIVERY OF TECHNOLOGICAL STEAM.ESTIMATED VALUE OF DEAL IS 330.6 MILLION ZLOTYS.PARTIES HAVE ALSO PROLONGED TALKS ON PRICE FORMULA FOR TECHNOLOGICAL STEAM DELIVERY IN YEARS 2021-2026 TILL DECEMBER 31, 2020.  Full Article

Ciech FY Net Profit Down At 183.0 Mln Zlotys
Tuesday, 26 Mar 2019 

March 27 (Reuters) - Ciech SA ::REPORTED ON TUESDAY FY NET PROFIT 183.0 MILLION ZLOTYS VERSUS 393.4 MILLION ZLOTYS YEAR AGO.FY REVENUE 3.67 BILLION ZLOTYS VERSUS 3.58 BILLION ZLOTYS YEAR AGO.FY EBITDA OF 654.4 MILLION ZLOTYS VERSUS 833.2 MILLION ZLOTYS YEAR AGO.  Full Article

Ciech Announces Intention To Obtain Additional Financing
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Ciech SA ::SAYS ANNOUNCES INTENTION TO OBTAIN ADDITIONAL FINANCING.SAYS TOTAL AMOUNT OF ADDITIONAL FINANCING SHALL NOT EXCEED AMOUNT OF PLN 500,000,000.  Full Article

Ciech Says Receives Unfavorable Decision On Income Tax For 2012
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - Ciech SA ::SAYS RECEIVES DECISION FROM TAX OFFICE ON INCOME TAX FOR 2012 QUALIFYING CASH CAPITAL INCREASE OF UNIT WITH DEDUCTION OF LOAN AS NON-CASH.SAYS TAX OFFICE FOUND THAT THE COMPANY GAINED TAX INCOME IN 2012 IN THE NOMINAL VALUE OF THE ACQUIRED SHARES.SAYS IT DISAGREES WITH TAX OFFICE APPROACH AND INTENDS TO TAKE PROCEDURAL STEPS TO DEFEND TAX CONSEQUENCES OF ITS ACTIVITIES IN 2012.SAYS IF UNFAVORABLE DECISION IS MAINTAINED IT WILL HAVE TO PAY INCOME TAX OF 43.7 MILLION ZLOTYS AND INTEREST OF 23.5 MILLION ZLOTYS.  Full Article

Ciech Appoints Dawid Jakubowicz As CEO
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - CIECH SA ::DAWID JAKUBOWICZ RESIGNS AS MEMBER OF SUPERVISORY BOARD .APPOINTS DAWID JAKUBOWICZ AS CEO AS OF DEC. 5.  Full Article