Cinema City, Netia, PZU Insurer: 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 (WIG20) declined 3 percent, the Czech PX Index (PX) slid 0.9 percent and Hungary’s BUX Index (BUX) fell 1.6 percent.

Cinema City International NV (CCI) : Central Europe’s largest movie-theater operator said first-quarter net income rose to 5.14 million euros ($6.51 million) from 3.63 million euros a year earlier, the company said in a regulatory statement today. That exceeded the 4.66 million-euro mean estimate of five analysts surveyed by Bloomberg. The shares decreased 2.6 percent to 28.5 zloty.

Netia SA (NET) : Poland’s second-largest fixed-line phone company will today start a program to buy back as much as 75 million zloty ($21.7 million) in its shares, the company said in a regulatory statement yesterday. The program will end on June 2. Netia advanced 0.9 percent to 5.55 zloty.

PZU SA (PZU) : Share-estimate for Poland’s largest insurer was lowered to 349 zloty from 370 zloty at UBS AG. PZU lost 3 percent to 302.5 zloty.

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

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

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