According to the schedule INC released extended consolidated quarterly report for the first quarter of 2016 years.
In the first quarter of 2016 the Group INC SA reported a net loss of 0.465 million PLN. The value of the investment portfolio listed on stock exchanges in Poland and Romania amounted to PLN 16.710 million, including 303,097 own shares of INC SA worth 0.932 million PLN and 172,602 own shares ofCarpathia Capital SA worth 0.255 million PLN, which are included until the sale or redemption of equity with a negative value. Capital Group at the end of the first quarter had cash in the amount of 7.724 million PLN, with commitments amounting to 3,278 million PLN, of which 2,866 million PLN liabilities arising from the purchase of futures contracts (value in the price of registration, resulting from the method of recording contracts purchased). Equity GK INC SA at the end of the first quarter of 2016 was 32.340 million PLN.
In the first quarter of 2016 INC Brokerage House acted as the offering of two non-public issues of financial instruments. In the first quarter continued recruitment program 4Stock, providing financing costs associated with entering the capital market. INC SA He was elected an authorized advisor for six companies that submitted applications in the PARP and intend to apply for entry to the NewConnect market. INC Brokerage House has been selected to offer for one company, which intends to enter to the WSE regulated market. At the date of this report, according to information held by the INC, all 7 applications undergo a formal evaluation and takes their substantive assessment made by PARP. INC assumes that about 2-3 companies of the group should make its debut on the stock market even in 2016.
The credit rating agency Rating INC belonging to the INC Group, issued to local government units in the first quarter of 2016 – 6 and unsolicited ratings and 1 ordered rating.
The aim of the Group in this year will be in particular the strengthening of the INC Brokerage House, as well as the expansion of the business network of the Group. The intention is in particular an application for extension of its authorization to conduct brokerage activities, and attracting partners with many years of experience in the capital market. INC SA will try to take advantage of its potential, as well as financial resources in response to changing conditions in the financial markets.