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Asseco Pl on unit sale; JW Construction FY 2016 earnings; research on LPP fashion, Comarch IT

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Monday equity trade will open in the wake of positive trade in Asia and a higher close in the US. European markets ended slightly higher on Friday. The Warsaw large-cap WIG20 index gained 0.47% to 2,200 pts. Advancers were led by Alior Bank, rising by over 6%.

ASSECO POLAND - Large-cap IT firm Asseco Poland signed a deal of sale of 51% in its Moscow-based unit R-Style Softlab for PLN 71 mln with the payment to be made within 60 months, Asseco said in a filing late Friday.

 

Asseco officials signaled in November the group might be forced to book an impairment on R-Style.

 
 

J.W. CONSTRUCTION - Listed residential real estate developer J.W. Construction posted PLN 25 mln net profit in FY 2016, up from PLN 5.7 mln a year earlier, on net revenues rising to PLN 490.8 mln from PLN 202.2 mln, the company said in the annual report.

 

Operating profit improved to PLN 43.1 mln from PLN 24.6 mln.

 
 

COMARCH - Listed IT group Comarch earned a target price hike to PLN 256.6, with recommendation maintained at 'hold' in a report by DM BOS dated March 5.

 
 

LPP - Listed fashion retailer LPP earned a recommendation hike to 'buy', with target price hiked to PLN 6,846 in a report by DM BOS dated March 5.

2017-03-13



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