The Management Board recommendation of dividend payment

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The Management Board of ENERGA SA on 11 May 2016 adopted a resolution on the distribution of net profit for the 2015 financial year. It has declared that it will recommend to the Shareholder Meeting the following distribution of net profit for 2015 in the amount of PLN 841 m: 1)      payment of a dividend to shareholders in the amount of PLN 203 m , i.e. ...

Stable results, higher investments, enhanced reliability of power supply - the Energa Group recaps Q1

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Despite changing market conditions the Energa Group has recorded stable financial performance. In Q1 the Group generated revenues of PLN 2,621 million. EBITDA was PLN 645 million. Gross non-recurring impairment losses of PLN 305 million affected net profit, which was PLN 11 PLN million. ...

Financial results video conference of Energa Group for Q1 2016 financial results

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On behalf of the Management Board of Energa SA we have a pleasure to invite you to a video conference which will take place on 11th May 2016 (Wednesday) at 12.30 PM (CEST). The conference will be devoted to the financial results generated by Energa Group in Q1,2016 and presentation of the most important events of the previous period. ...

Energa has signed the investment agreement with PGG

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Today (28 April 2016) Energa Kogeneracja, a member of the Energa Group signed an agreement specifying the terms and conditions for a financial investment in Polska Grupa Górnicza. This agreement is based on the arm’s length principles for executing this project and aims to procure the expected rate of return on this investment, among others, by enhancing the efficiency of the...

Polska Grupa Górnicza: investors and banks have reached a memorandum of agreement

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A memorandum of agreement was concluded on 26 April 2016 on Polska Grupa Górnicza (PGG) commencing operations. The investors are taking a stake in PGG on an arm’s length basis and they will consistently oversee the execution of the company’s business plan. ...