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Telecommunications
Netia up after incorrect SEC filing
Shares of Netia SA, Poland?s second largest local phone company rose 7.4 percent in two days before the SEC reversed its previous statement about the purchase of 17 million zloty worth of stock and subscription warrants by a company tied to a board member. On Tuesday evening Securities and Exchanges Commission said it made a mistake and said the unnamed insider sold Netia?s stock.
?We?re sorry?, SEC spokesman Łukasz Dajnowicz said commenting on the situation.
Mining
KGHM plunges on lower earnings estimate
KGHM Polska Miedź, Europe?s second largest copper maker, said it expects net income to fall to 943 million zloty ($306 million) in 2005 from 1.43 billion zloty forecast for this year because of higher expenses. Shares of the company fell as much as 7 percent after the announcement of lower earnings outlook, ending the day at 30.8 zloty, a...
3 miesiące: 949,00 PLN
12 miesięcy: 3 198,00 PLN
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