18th October 2012
Monday, May 20th, 2013
TP shares plummet following worsened outlook
The value of Telekomunikacja Polska's shares took a painful dive on Wednesday, falling 14.8 percent to zł.12.83 on the Warsaw Stock Exchange.
The plummet came about following an announcement that the company had slashed its outlook for 2012 due to strong competition and a worsening economic environment.
Moreover, the company said that it plans to pay out 33 percent less in dividends in 2013 than previously announced.
Instead of the previously planned zł.1.5 per share, TP will pay out zł.1 per share, thus making an investment in the company less attractive.
From Warsaw Business Journal
Also check out:
TP to lay off up to 5,000 people by 2016
TP costs France Telecom big
France Telecom writes down €889 million on TP
Giants PGE and Orange Polska begin cooperation
Black Tuesday for TP
TP to lay off up to 5,000 people by 2016
TP costs France Telecom big
France Telecom writes down €889 million on TP
Giants PGE and Orange Polska begin cooperation
Black Tuesday for TP
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