Edition:
United States

Polimex Mostostal SA (PXMP.WA)

PXMP.WA on Warsaw Stock Exchange

2.99PLN
14 Dec 2018
Change (% chg)

0.04zł (+1.36%)
Prev Close
2.95zł
Open
2.95zł
Day's High
3.06zł
Day's Low
2.91zł
Volume
463,867
Avg. Vol
317,539
52-wk High
5.25zł
52-wk Low
2.71zł

Latest Key Developments (Source: Significant Developments)

Polimex Updates On Negotiations With GDDKiA
Friday, 21 Sep 2018 07:25am EDT 

Sept 21 (Reuters) - POLIMEX MOSTOSTAL SA ::SAYS FOLLOWING AGREEMENT WITH POLAND'S GENERAL DIRECTORATE FOR NATIONAL ROADS AND MOTORWAYS (GDDKIA) AND CONSORTIUM, TOTAL RESPONSIBILITY OF CO RESULTING FROM THE SETTLEMENT TO AMOUNT TO NO MORE THAN 48.8 MILLION ZLOTYS.SAYS AMOUNT SHOULD NOT NEGATIVELY IMPACT CO'S EBITDA AS IT'S ALREADY BEEN INCLUDED IN COST RESERVES SET IN PREVIOUS YRS.POLIMEX IN CONSORTIUM REACHED AGREEMENT WITH GDDKIA IN AUGUST nFWN1VJ0M2.CONSORTIUM INCLUDES DOPRASTAV AS, MSF ENGENHARIA SA AND MSF POLSKA SP. Z O.O..  Full Article

Polimex H1 Net Result Swings To Loss Of 20.9 Million Zlotys
Monday, 27 Aug 2018 01:50am EDT 

Aug 27 (Reuters) - POLIMEX MOSTOSTAL SA ::H1 NET LOSS 20.9 MILLION ZLOTYS VERSUS PROFIT 34.7 MILLION ZLOTYS YEAR AGO.H1 REVENUE 810.4 MILLION ZLOTYS VERSUS 1.13 BILLION ZLOTYS YEAR AGO.H1 OPERATING LOSS 7.2 MILLION ZLOTYS VERSUS PROFIT 62.5 MILLION ZLOTYS YEAR AGO.  Full Article

Polimex Mostostal Updates On Contract With Rafako
Tuesday, 21 Aug 2018 12:51pm EDT 

Aug 22 (Reuters) - POLIMEX MOSTOSTAL SA ::SAID ON TUESDAY THAT SOME TERMS OF THE CONTRACT BETWEEN ITS UNIT, POLIMEX ENERGETYKA (CONTRACTOR), AND RAFAKO <<>>(CONTRACT PROVIDER) HAVE BEEN CHANGED.UNIT SIGNED DEAL WITH RAFAKO IN 2017 FOR DELIVERY AND INSTALLATION OF STEEL STRUCTURES FOR POWER BLOCKS AT A PLANT OF ENEA WYTWARZANIE.UNIT REMUNERATION HAS BEEN RESET AT 60.0 MLN ZLOTYS NET.PARTIES WAIVED ALL CLAIMS AGAINST EACH OTHER (EXCEPT CONTRACTUAL PENALTIES) AND RAFAKO IS TO PAY 4.9 MLN ZLOTY RECEIVABLES DUE TOWARDS THE CONTRACTOR WITHIN 14 DAYS.  Full Article

Polimex Signs LoI For Cooperation With GE Power
Friday, 22 Jun 2018 09:44am EDT 

June 22 (Reuters) - POLIMEX MOSTOSTAL SA ::SIGNS LOI WITH GE POWER SP. Z O.O. FOR COOPERATION IN CONSTRUCTION OF ABOUT 1000 MW POWER PLANT OSTROLEKA C.  Full Article

Rafako Unable To Appeal Against Ostroleka Power Plant Tender Decision
Monday, 16 Apr 2018 08:25am EDT 

April 16 (Reuters) - RAFAKO SA ::SAYS POLIMEX-MOSTOSTAL <<>> HAS RESOLVED NOT TO APPEAL IN REGARDS TO OSTROLEKA POWER PLANT TENDER WON BY GE/ALSTOM, COMPANY SAYS IN A STATEMENT.SAYS POLIMEX-MOSTOSTAL DECISION PREVENTS CO'S APPEAL AS ALL PARTIES OF CONSORTIUM SHOULD SIGN THE APPEAL.CONSORTIUM OF GE POWER AND ALSTOM POWER WAS SELECTED TO BUILD A 1,000 MEGAWATT COAL-FUELLED POWER PLANT IN OSTROLEKA FOR POLISH STATE-RUN UTILITIES ENERGA <<>> AND ENEA <<>>, ENERGA SAID ON APRIL 4 nFWN1RH0JN.  Full Article

Polimex Mostostal: Przemyslaw Janiszewski To Act As Interim CEO
Wednesday, 4 Apr 2018 04:14am EDT 

April 4 (Reuters) - POLIMEX MOSTOSTAL SA ::PRZEMYSLAW JANISZEWSKI TO ACT AS INTERIM CEO.  Full Article

Polimex Mostostal Reaches Settlement With Europa Centralna
Friday, 29 Dec 2017 09:06am EST 

Dec 29 (Reuters) - POLIMEX MOSTOSTAL ::REACHES A SETTLEMENT WITH EUROPA CENTRALNA SP. Z O.O. (EUROPA CENTRALNA) REGARDING A CONTRACT FROM NOV. 10, 2011, FOR CONSTRUCTION WORKS IN GLIWICE.UNDER THE SETTLEMENT AGREEMENT, EUROPA CENTRALNA WILL PAY POLIMEX MOSTOSTAL EUR 3 MILLION AND IT WILL KEEP 25.9 MILLION ZLOTYS RECEIVED FROM BANK BGZ FROM THE CONTRACT PERFORMANCE BANK GUARANTEE.  Full Article

Polimex – Mostostal Q3 net result turns to loss of 3.6 million zlotys
Monday, 13 Nov 2017 01:38am EST 

Nov 13 (Reuters) - POLIMEX – MOSTOSTAL :Q3 NET LOSS 3.6 MILLION ZLOTYS VERSUS PROFIT OF 6.8 MILLION ZLOTYS YEAR AGO.Q3 REVENUE 537.7 MILLION ZLOTYS VERSUS 769.1 MILLION ZLOTYS YEAR AGO.Q3 OPERATING PROFIT 3.8 MILLION ZLOTYS VERSUS 19.0 MILLION ZLOTYS YEAR AGO.  Full Article

Polimex Mostostal signs agreement with GDDKiA
Friday, 26 May 2017 02:43am EDT 

May 26 (Reuters) - POLIMEX MOSTOSTAL SA ::SIGNS CONFIDENTIALITY AGREEMENT WITH GENERAL DIRECTORATE FOR NATIONAL ROADS AND MOTORWAYS (GDDKiA) TO DISCUSS POSSIBLE SETTLEMENT OF MUTUAL CLAIMS.TOTAL VALUE OF MUTUAL CLAIMS PENDING LITIGATION RELATED TO THE ABOVE AGREEMENT IS 507.5 MILLION ZLOTYS.  Full Article