Bloomberg News

Polish Stocks: Budimex, Emperia, Grupa Kety, Orlen Shares Move

October 26, 2011

Oct. 26 (Bloomberg) -- Poland’s WIG20 Index declined for a second day, losing 9.44, or 0.4 percent, to 2,340.27 at the close in Warsaw.

The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.

Budimex SA (BDX PW), Poland’s largest construction company, gained 3.3 percent to 77.5 zloty, a one-week high. Third-quarter net income was 74.1 million zloty ($24 million), exceeding the 71.8 million-zloty mean estimate of five analysts surveyed by Bloomberg.

Emperia Holding SA (EMP PW) rose 2.4 percent to 108 zloty, the highest close since July 7. The consumer-goods distributor expects to report net income of 92.3 million zloty this year and profit will advance to 926 million zloty in 2012 on expected income from the sale of its retail business.

Grupa Kety SA (KTY PW) climbed for a second day, adding 2.1 percent to 103.1 zloty. Poland’s biggest aluminum products maker increased its 2011 profit forecast to 104 million zloty from 94.3 million zloty, and earnings before interest and taxes to 151 million zloty from 133 million zloty.

PKN Orlen SA (PKN PW), Poland’s biggest oil company, fell for the first time in four days, retreating 2.3 percent to 38.5 zloty, as crude oil fell.

--Editors: Linda Shen, Gavin Serkin

To contact the reporter on this story: Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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