According to an agreement signed on 20 January 2013, PineBrigde Investments is to invest mPLN 105 in a Work Service share issue. Work Service intends to allocate the funds raised by the issue of the shares for the American investment fund to further consolidation, solidifying their leading position in the Polish HR services market and to acquisitions in Central and Eastern Europe.
The first three quarters of 2012 have brought a further increase in Work Service Group revenue reaching PLN 540 million. The new projections of financial results for the end of this year, including necessary corrections, predict a revenue growth of 26 per cent compared to 2011. In the last quarters, the company has borne various investment costs, which resulted in a lower net profit.
The first two quarters of 2012 were marked by record numbers for the Work Service Capital Group, which noted revenue growth of nearly 25% and growth in profits of over 50% year-on-year. In this same period Work Service held a successful IPO on the WSE, and acquired IT Kontrakt.
During the next General Meeting of Shareholders, the Management Board of Work Service S.A. will recommend allocation of PLN 5 million for dividend for the year 2011, equivalent to PLN 0.10 per share. In 2011 Work Service Group yielded a net profit of PLN 22.29 million.
The biggest company operating in the Polish HR market has acquired a majority shareholding in IT Kontrakt, the largest Polish supplier of IT specialists and programmers. The company's inclusion in the Work Service Capital Group gives it access to new markets.
The first quarter of 2012 has seen an increase in Work Service Capital Group’s net profit of almost 60%, as compared to the corresponding period last year. During the same period the group’s revenues increased by 22.45% and reached over PLN 170 million. At the end of April Work Service successfully debuted on the WSE, seeing an increase of 31.7% in the share price on the day of the debut. Share ...
Series L shares of Work Service S.A., Poland’s personnel services market leader, has debuted on the main market of the WSE today. The opening price of allotment certificates was PLN 6. The share price started to grow rapidly and after fifteen minutes the price of allotment certificates increased by over 33% to PLN 8. At around noon the price consolidated at around PLN 7 with over 178 thousand ...
Work Service S.A., Poland’s largest personnel services company, which offers flexible employment solutions, personnel consultancy and business process outsourcing, will debut on Warsaw Stock Exchange on Thursday, 26 April.
The final share price in the public offering of Work Service S.A. has been set at PLN 6.00. This price will apply to the purchase of the company’s shares both in institutional and open tranches. Primary subscriptions for shares for investors will be accepted from 22 to 26 March.
Due to improving situation on capital markets, Work Service S.A. decided to increase the maximum price for its shares to the amount of PLN 7.5. The Company has already found its first investor which guaranteed taking up as much as 5 million series L shares. Work Service plans to allocate funds obtained as a result of the first public offer to the acquisition of IT Kontrakt and other companies ...