Poland - Factors to Watch April 29

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


Grupa Lotos, Poland's second-largest refiner by output, reported on Wednesday a smaller-than-expected 101 million zlotys ($28 million) net loss for the first quarter, mainly due to the zloty weakening and inventory revaluation.


Poland's fourth-largest lender by assets, mBank, reported on Wednesday a 25-percent rise in first-quarter net profit, as the sale of the insurance business more than offset lower interest rates.


Shareholders at the state-run copper miner KGHM and power producer Energa to decide on the companies' dividends payout at their annual meetings.


If PZU was to invest in banks, it would have to be a capital investment only, which would consist in one cheap acquisition or a purchase of two compatible institutions with similar offers, clients and IT systems, Rzeczpospolita daily quotes PZU CEO as saying.


PD Co, owned by Australian Prairie Mining, is planning to build a new coal mine in Poland, at a site neighbouring with coal deposits owned by Poland's miner Bogdanka , an adviser to PD Co told Rzeczpospolita daily.

The construction could start in 2018 with the whole project valued at 2.5 billion zlotys ($686.3 million). Rzeczpospolita also said that Prairie Mining considers to debut on the bourse Warsaw this year.

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 ($1 = 3.6429 zlotys)

Sorry we are not currently accepting comments on this article.