In the third quarter of 2017, the INC Group generated a net profit of PLN 64 thousand for three quarters of 2017. INC Group incurred a net loss of PLN 1.770.000. The value of the investment portfolio listed on the Polish and Romanian stock exchanges amounted to PLN 15.059.000. At the end of Q3 2017, INC Group had PLN 5.772.000 of cash at its disposal, with liabilities amounting to PLN 493 thousand. At the end of Q3 2017, INC Group’s equity amounted to PLN 28.516 million.
In the third quarter of the year INC S.A. has been implementing two projects of debuts new companies on the NewConnect market – debuts are expected at the beginning of December this year. Two other companies are in the process of conducting private placements and will be newly listed in 2018. INC SA was appointed as an Authorized Adviser for 14 entities which obtained co-financing of entry costs into NewConnect under the 4Stock programme. Another few companies intend to submit applications to PARP in November. These companies will be prepared for potential debuts on the NewConnect market in the coming years. This means that in the case of a good market situation, in 2018-2019 it is possible for INC S.A. to carry out several debuts on the NewConnect market.
Brokerage House INC S.A. was selected in three projects, including two transitions from NewConnect and one introduction of a new issuer directly to the regulated market. On 24 October 2017, the Polish Financial Supervision Authority (KNF) unanimously granted Brokerage House INC S.A. a permit for conducting brokerage activities within the scope referred to in Art. 69 section 2 of the Polish Financial Supervision Authority. 2 point 1 of the Act of 29 July 2005 on trading in financial instruments, i. e. with respect to accepting and forwarding orders to buy or sell financial instruments. Obtaining a permit allows Brokerage House INC S.A. to extend the offered services and thus offer its clients more comprehensive services. Extension of the license is also an element of preparation of the Brokerage House to enter into force at the beginning of next year the package of MIFID II/MIFIR regulations.
Report is available here.