Edition:
India

Ciech SA (CIEP.WA)

CIEP.WA on Warsaw Stock Exchange

43.35PLN
24 May 2019
Change (% chg)

1.05zł (+2.48%)
Prev Close
42.30zł
Open
42.30zł
Day's High
43.80zł
Day's Low
42.30zł
Volume
19,692
Avg. Vol
74,797
52-wk High
64.70zł
52-wk Low
39.00zł

Latest Key Developments (Source: Significant Developments)

Ciech Updates On Tax Proceedings
Thursday, 23 May 2019 

May 23 (Reuters) - Ciech SA ::SAID ON WEDNESDAY THAT TAX OFFICE HAS QUESTIONED THE RIGHT TO DEDUCT VAT TAX FROM THE PART OF NON-CASH CONTRIBUTION MADE BY COMPANY TO THE RESERVE CAPITAL OF ITS UNIT VERBIS ETA IN Q4 2013 .SHOULD THE TAX OFFICE'S DECISION BE UPHELD IN THE COURSE OF TAX PROCEEDINGS, THE AMOUNT OF 35.8 MILLION ZLOTYS ON ACCOUNT OF VAT TAX, PLUS 13.5 MILLION ZLOTYS INTEREST AS FOR TODAY WILL AFFECT COMPANY'S CONSOLIDATED RESULT .THE COMPANY AND ITS UNIT DO NOT AGREE WITH THE OFFICE'S DECISION.  Full Article

Ciech Management Recommends Allocation Of 2018 Net Profit To Cover Loss
Wednesday, 22 May 2019 

May 22 (Reuters) - Ciech SA ::MANAGEMENT RECOMMENDS ALLOCATION OF 2018 NET PROFIT TO COVER LOSS RECOGNISED AS CORRECTION OF OPENING BALANCE.  Full Article

Ciech Starts Talks On Obtaining Financing
Thursday, 28 Mar 2019 

March 28 (Reuters) - Ciech SA ::STARTS NEGOTIATIONS ON OBTAINING FINANCING TO REALIZE CO'S STRATEGIC GOALS IN 2019-2021.  Full Article

Ciech Romanian Unit Plans Group Layoffs
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Ciech SA ::SAYS CO'S UNIT CIECH SODA ROMANIA PLANS GROUP LAYOFFS.SAYS REASON OF PLANNED LAYOFFS IS NEED TO RESTRUCTURE UNIT'S FIXED COSTS BY LOWERING EMPLOYMENT LEVEL AND EMPLOYMENT COSTS.SAYS UNIT PLANS TO LAY OFF UP TO 95 PEOPLE (16.1 PCT OF STAFF) BY MAY 15, 2019.  Full Article

Ciech To Review Changes In Corporate Structure And Corporate Asset Structure
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Ciech SA ::MANAGEMENT RESOLVES TO START DETAILED REVIEW OF STRATEGIC OPTIONS.REVIEW REGARDS CHANGES IN CORPORATE STRUCTURE AND CORPORATE ASSET STRUCTURE.  Full Article

Ciech FY Standalone Result To Be Increased By Reversed Impairment
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Ciech SA ::CONDUCTS IMPAIRMENT TESTS IN ITS UNITS.DECIDES TO REVERSE IMPAIRMENT ON VALUE OF SHARES IN SDC GMBH IN AMOUNT OF ABOUT 260 MILLION ZLOTYS.IMPAIRMENT REVERSAL TO INCREASE STANDALONE RESULTS OF CO, NOT TO IMPACT CONSOLIDATED RESULTS.FINAL IMPAIRMENT REVERSAL VALUE TO IMPACT ON FY 2018 UNCONSOLIDATED STATEMENTS.RESULTS DUE ON MARCH 26.  Full Article

Ciech To Form Reserve For Tax Payment
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Ciech SA ::SAYS DECIDES TO FORM RESERVE FOR TAX PAYMENT OF 43.7 MILLION ZLOTYS AND INTEREST OF 23.5 MILLION ZLOTYS.SAYS ON JAN 10 FILED APPEAL AGAINST TAX OFFICE DECISION.  Full Article

Ciech Sees 2021 Adjusted EBITDA At Above 900 Mln Zlotys
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - CIECH SA ::SAID ON WEDNESDAY THAT SUPERVISORY BOARD APPROVED CO'S STRATEGY FOR 2019-2021.UNDER NEW STRATEGY CO'S SEES 2021 ADJUSTED EBITDA AT ABOVE 900 MLN ZLOTYS ON SALES REVENUE OF ABOVE 4.0 BLN ZLOTYS.UNDER NEW STRATEGY CO SEES 2021 ADJUSTED EBITDA MARGIN AT ABOVE 22 PCT.SAID PILLARS OF ITS 2019-2021 STRATEGY ARE, AMONG OTHERS, INCREASING COMPETITIVE ADVANTAGES IN THE KEY SODA BUSINESS, FURTHER INVESTMENTS IN DEVELOPMENT OF SPECIALIZED BUSINESSES AND VALUE CREATION THROUGH CHANGES IN ASSET PORTFOLIO.  Full Article

Ciech Maciej Tybura Resigns As CEO
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - CIECH SA ::SAID ON MONDAY MACIEJ TYBURA RESIGNED AS CEO AS OF SEPT. 10.SUPERVISORY BOARD APPOINTS DAWID JAKUBOWICZ ACTING CEO FOR THREE MONTHS .  Full Article

Ciech Q2 Net Profit Up At 98.6 Million Zlotys
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Ciech SA ::Q2 NET PROFIT 98.6 MILLION ZLOTYS VERSUS 92.9 MILLION ZLOTYS YEAR AGO.Q2 NET SALES 933.5 MILLION ZLOTYS VERSUS 883.0 MILLION ZLOTYS YEAR AGO.Q2 OPERATING PROFIT 124.2 MILLION ZLOTYS VERSUS 131.7 MILLION ZLOTYS YEAR AGO.  Full Article