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Famur SA (FMF.WA)

FMF.WA on Warsaw Stock Exchange

5.70PLN
7 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Famur Signs Euro 22.7 Mln Deal
Friday, 16 Nov 2018 

Nov 19 (Reuters) - FAMUR SA ::SAID ON FRIDAY IT SIGNED EURO 22.7 MLN DEAL WITH MOSCOW-BASED OOO POLSKIE MASZYNY FOR DELIVERIES OF MINING EQUIPMENT.UNDER AGREEMENT DELIVERIES TO BE CARRIED OUT TILL SEPTEMBER-END 2019.  Full Article

Famur Ordered To Pay 22.1 Mln Zlotys Overdue Tax
Wednesday, 26 Sep 2018 

Sept 27 (Reuters) - FAMUR SA ::SAID ON WEDNESDAY THAT AS A RESULT OF CUSTOMS AND FISCAL CONTROL IT WILL BE REQUIRED TO PAY 17.7 MLN ZLOTYS OF INCOME TAX PLUS INTERESTS DUE (4.4 MLN ZLOTYS AS AT THE TIME OF PUBLISHING THE REPORT) .SAID THE OVERDUE TAX IS RELATED TO TRANSFERRING TRADEMARKS TO FAMUR BRAND SP. Z O.O. AND CONTRACT FOR USE OF THE DIVESTED TRADEMARK.SAID IT HAS PREVIOUSLY CREATED A RESERVE OF 21.2 MLN ZLOTYS IN CONNECTION TO THE TAX CONTROL AND RISKS INVOLVED.SAID THE RESERVE IS BEING UPDATED BY THE AMOUNT OF POSSIBLE INTEREST.SAID RESULT OF THE CONTROL HAS THEREFORE NO IMPACT ON CO'S CURRENT FINANCIAL RESULTS.ALSO SAID IT DOES NOT AGREE WITH TAX AUTHORITY'S CONCLUSIONS AND WILL TAKE ALL ACTIONS AND REMEDIES DEFENDING ITS POSITION.  Full Article

Famur Names Deputy CEO Responsible For Financial Affairs
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Famur SA ::BEATA ZAWISZOWSKA, CO DEPUTY CEO, TO BECOME DEPUTY CEO RESPONSIBLE FOR FINANCIAL AFFAIRS AS OF SEPT. 26.  Full Article

Famur Plans Dividend At 50-100 Pct Of Net Profit
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Famur SA ::ESTIMATES THAT IN 2023 IT COULD GENERATE 2.5 BILLION ZLOTYS - 2.7 BILLION ZLOTYS IN REVENUE.UNDER NEW 2019-2023 STRATEGY PLANS DIVIDEND POLICY OF PAYING OUT BETWEEN 50% TO 100% OF NET PROFIT.ON AVERAGE OVER 5-YEAR PERIOD PLANS TO RECOMMEND DIVIDEND PAYOUT AT 75% OF NET PROFIT.SAYS UNTIL 2023 ITS NET DEBT-TO-EBITDA RATIO SHOULD STAY BELOW 2.0X.UNDER NEW STRATEGY PLANS AMONG OTHERS TO GENERATE OVER 50 PERCENT OF REVENUE FROM FOREIGN MARKETS AND DIVERSIFICATION THROUGH ENTERING HARD ROCK MINING SEGMENT.  Full Article

Famur Offer Chosen As One Of Most Favorable
Tuesday, 31 Jul 2018 

July 31 (Reuters) - FAMUR SA ::ITS OFFER CHOSEN AS ONE OF MOST FAVORABLE IN TENDER BY POLSKA GRUPA GORNICZA SA.CO'S REMUNERATION FOR ALL TASKS MAY REACH 124.6 MILLION ZLOTYS NET IN TOTAL.OFFER IS FOR LEASE OF ROADHEADERS TILL 2019-END.  Full Article

Kopex And PBSZ 1 Sign Term-Sheet Agreement With JSW
Tuesday, 17 Jul 2018 

July 17 (Reuters) - KOPEX SA ::SAYS TOGETHER WITH PBSZ 1 SP. Z O.O. SIGNED TERM-SHEET AGREEMENT WITH JSW S.A. <<>>.AGREEMENT IS FOR SALE OF 95.01 PERCENT SHARES IN PRZEDSIEBIORSTWO BUDOWY SZYBOW S.A.(PBSZ).TOTAL PRICE OF 4,430,476 SHARES OF PBSZ IS SET AT 205.3 MILLION ZLOTYS.  Full Article

Famur Signs LoI With OOO Polskie Maszyny On Cooperation
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - FAMUR SA ::SIGNS LETTER OF INTENT (LOI) WITH OOO POLSKIE MASZYNY BASED IN MOSCOW ON COOPERATION.UNDER LOI COS TO WORK ON JOINT DELIVERIES AND SERVICES FOR GORNO OBOGATITELNYJ KOMPLEKS „INAGLINSKIJ”.VALUE OF DELIVERIES IS ESTIMATED AT EUR 19.5 MILLION AT LEAST.  Full Article

Famur Unit Signs EUR 15.4 Mln Net Deal With Jubilejnaja Mine
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - FAMUR SA ::ITS RUSSIAN UNIT SIGNS EUR 15.4 MILLION NET DEAL WITH JUBILEJNAJA MINE FOR DELIVERY OF LONGWALL SYSTEM.  Full Article

Famur To Return VAT For Oct. 2013
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Famur SA ::SAYS HAVING ANALYSED THE RESULT OF TAX CONTROL IT HAS DECIDED TO CORRECT TAX RETURN FOR ITS SUBSIDIARY FAMUR FINANCE SP. Z O.O. RELATED TO VAT PAYMENT IN OCT. 2013.SAYS IT WILL RESULT IN A NEED TO RETURN VAT IN THE AMOUNT OF 48.9 MILLION ZLOTYS PLUS INTEREST.SAYS IT WILL CONTINUE LEGAL ANALYSIS RELATED TO VAT SETTLEMENT FOR OCT. 2013 IN ORDER TO DEFINE ITS FINAL STANCE.SAYS ACCORDING TO TAX AUTHORITIES ITS UNIT INCORRECTLY ACCOUNTED FOR THE BASE OF VAT ON IN-KIND CONTRIBUTION AND HAS DECLARED INCORRECT VAT AMOUNT FOR OCT. 2013.  Full Article

Famur Extends Bond Issue Program Until Dec. 31, 2018
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Famur SA ::SAYS EXTENDS BOND ISSUE PROGRAM UNTIL DEC. 31, 2018.  Full Article