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Grupa Kapitałowa Grupa Azoty
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Extraordinary General Meeting of Grupa Azoty Polyolefins S.A. increased the company's share capital to PLN 922,968,300. Grupa LOTOS and Korean partners - Hyundai Engineering Co., Ltd and Korea Overseas Infrastructure & Urban Development Corporation contributed funds to cover new shares in Grupa Azoty Polyolefins S.A. After the registration of the share capital, together with Grupa Azoty S.A. and Grupa Azoty Zakłady Chemiczne "Police" S.A. will become shareholders of the company implementing the "Polimery Police" project.
On November 13th 2020, the Supervisory Board of Grupa Azoty S.A. resolved to appoint Mr Tomasz Hinc as President of the Grupa Azoty Management Board, with effect from December 1st 2020.
On 20th October 2020 analysts of TRIGON DM recommended BUY on Grupa Azoty S.A. shares, with the target price set at PLN 25.60.
On October 15th, the winners of the 15th edition of the Best Annual Report 2019 awards programme organised by the Institute of Accountancy and Taxes were announced during a gala held in the Trading Room in the building of the Warsaw Stock Exchange, with Grupa Azoty S.A. among the winning companies.
At Monday 21st of September 2020, an investor chat was held with Mr Paweł Łapiński, Vice-President of Grupa Azoty S.A.
The Grupa Azoty Group booked a second-quarter net profit of PLN 57m, up PLN 22m year on year. Consolidated revenue came in at PLN 2,269m in the second quarter, which is PLN 469m less than in the corresponding period of 2019. EBITDA stood at PLN 315m, with EBITDA margin at 13.9%, a year-on-year increase of PLN 29m and 3.4pp, respectively.