Equity markets
Corporate earnings keep growing
Combined earnings of Polish blue-chip stocks rose for the seventh consecutive quarter in the three months ending in March. A survey of WIG20 companies shows higher earnings despite softer performance by some IT and building firms. Mid-cap stocks listed as part of MIDWIG index had a combined twelve-month loss of 76 million zloty because of the huge, 1.5 billion zloty loss reported by Kredyt Bank, a subsidiary of Belgian KBC group.
One third of all smaller stocks are still in the red. Their combined twelve-month loss of 56.9...