Bloomberg News

Lotos, NWR, TVN, Bank Zachodni: Central European Equity Preview

October 27, 2011

Oct. 27 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland’s WIG20 Index fell 0.4 percent, the Czech PX Index gained 0.8 percent and Hungary’s BUX Index sank 2.7 percent.

Grupa Lotos SA (LTS PW): Poland’s second-largest oil refiner said that the weakening zloty cut third-quarter earnings before interest and taxes by about 284 million zloty ($92 million), raising its liabilities linked to oil purchases. Lotos fell 0.1 percent to 28.08 zloty.

New World Resources Plc (NWR CP): The Czech Republic’s biggest coking-coal producer said the average agreed price of coking coal for delivery in the fourth quarter is 171 euros per ton, a decrease of 9 percent compared with the same period in the previous quarter. Its shares rose 1.1 percent to 145 koruna.

Telefonica Czech Republic AS (SPTT CP): The largest Czech phone company won’t sell Apple’s new iPhone 4S and will end sales of all Apple’s models because of Apple’s business terms, Hospodarske Noviny reported, citing Telefonica’s local spokesman Hany Farghali. Its shares lost 1.3 percent to 395 koruna.

TVN SA (TVN PW): Poland’s largest television network and its owner ITI Holdings SA started exclusive talks with Canal Plus on “strategic” partnership in Poland. TVN shares climbed 1.2 percent to 14.85 zloty.

Bank Zachodni WBK SA (BZW PW): Poland’s third-biggest bank by market value and a unit of Banco Santander SA said third- quarter net income rose to 344.9 million zloty from 222.9 million zloty a year earlier. That exceeded the 291 million- zloty mean estimate of four analysts surveyed by Bloomberg News. Its shares were unchanged at 229 zloty.

--Editor: Ana Monteiro

To contact the reporters on this story: Pawel Kozlowski in Warsaw

To contact the editor responsible for this story: Gavin Serkin at

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