The report covers period from 01 January 2016 to 30 June 2016 year.
In the first half of 2016 INC GROUP reported a net loss of 0.991 million PLN. The value of the investment portfolio listed on stock exchanges in Poland and Romania amounted to 16.376 million PLN, including 303,097 own shares of INC SA worth 0.932 million PLN and 172,602 own shares of Carpathia Capital SA worth 0.255 million PLN, which are included until the sale or redemption of equity with a negative value.
INC Group at the end of the first half had cash in the amount of 7,460 million PLN, with commitments amounting to 3,143 million PLN, of which 2,603 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 of INC GROUP at the end of the first half of 2016 was 31.710 million PLN.
In the first half of 2016 INC Brokerage House acted as the offering of two non-public issues of financial instruments. In the second quarter INC Brokerage House increased employment, acquiring two partners with many years of experience in transactions in the capital market. At the date of this report, the Brokerage House has signed or is negotiating a number of contracts of offering the non-public bond issues, which will be implemented at the end of the third and in the fourth quarter of 2016.
INC Rating belonging to the INC GROUP, licensed by ESMA, in the fourth quarter of 2015 issued for local government units in Poland in the first half of 2016, 6 unsolicited ratings and 1 ordered rating. At the date of this report, the INC Rating has signed agreements with several governments on the issue of the rating.
The Group will continue its strategy, both in terms of advice – from the growing importance of the Brokerage House and the Rating Agency and investments, utilizing its potential and financial resources.