News Parkiet

Equity markets

Corporate dividends climb to a new high

Publicly traded Polish firms will pay as much as 9 billion zloty in dividends, some 3 billion more than an initial estimate three months ago. A total of 76 companies, roughly a third of all those listed on the WSE have either paid or plan to pay dividends from last year?s earnings, up from just 56 in 2004.

Equity markets

Charges filed against Karen CEO

Lucjan W., chief executive of portable electronics distributor Karen Notebook has been charged in a ground breaking case after a complaint by an individual investor who bought Karen stock in an IPO six years ago. The prosecutor alleges that Karen Notebook failed to publish material information about the company?s finances, including advance payments to Mr. Lucjan W. in its IPO prospectus.

Food industry

Management purge at Polmos Lublin

Shares of Polmos Lublin vodka maker plunged as much as 5.2 percent to an all-time low of 37.9 zloty after an early morning announcement of a sudden management reshuffle. Polmos CEO Wiesław Skrobowski was replaced by Marek Malinowski. The company recently lost a bid for control over the much larger Polmos Białystok.