Agora, Asseco, KGHM, Mol, Orlen: Central European Equity Preview

The following is a list of companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland’s WIG20 Index advanced 4.5 percent, the Czech PX Index added 0.8 percent and Hungary’s BUX Index gained 2.1 percent.

Agora SA (AGO) : Poland’s largest publisher, said first- half net income fell to 27.8 million zloty ($9.5 million) from 41.9 million zloty a year earlier. That compares with the 17.1 million-zloty mean estimate of six analysts surveyed by Bloomberg. Agora gained 3.3 percent to 12.25 zloty.

Asseco Poland SA (ACP) : Shareholders of Central Europe’s largest software developer will vote on Sept. 6 on the company’s plan to buy back as much as 600 million zloty of shares. Asseco lost 0.9 percent to 37.15 zloty.

KGHM Polska Miedz SA (KGH) : Poland’s sole copper producer said second-quarter unconsolidated net income, which excludes earnings at certain units such as phone company Telefonia Dialog SA, rose to 2.36 billion zloty from 1.5 billion zloty a year earlier. That compares with the 2.14 billion-zloty mean estimate of 12 analysts surveyed by Bloomberg.

KGHM is reviewing its 2011 earnings forecasts, it said in a regulatory statement. Its stock rose 1.5 percent to 161.9 zloty.

Mol Nyrt. (MOL HB): Hungary’s biggest oil company had its share-price estimate cut 12 percent to 23,500 forint at Goldman Sachs Group Inc. Mol climbed 2.5 percent to 16,160 forint.

PKN Orlen SA (PKN PW): Poland’s largest oil refiner had its share-price projection lowered 10 percent to 49.6 zloty at Goldman Sachs. Orlen shares advanced 5 percent to 35.72 zloty.

To contact the reporters on this story: Monika Rozlal in Warsaw at mrozlal@bloomberg.net; Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at serkin@bloomberg.net

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