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Business Summary: Baltic Bridge SA, formerly W Investments SA, is a Poland-based company primarily engaged in the telecommunications (telecom) sector. The Company’s activities are divided into three business segments: Investments, Telecom and Services. The Investments division focuses on venture capital operations through WinQbator Sp z oo, WinVentures Sp z oo, among others. It offers business financing and management advisory to seed companies. The Telecom division provides Voice over Internet Protocol (VoIP) and collocation services, as well as virtual telephone exchange to business customers through TelMasters Sp z oo. The Services division includes purchase and sale of electric power from independent power producers (IPPs) to the grid through Polski Koncern Energetyczny SA. The Company is a subsidiary of PJW Holdings Ltd.
Financial Summary: BRIEF: For the nine months ended 30 September 2023, Baltic Bridge SA revenues increased from PLN0K to PLN305K. Net income totaled PLN174K vs. loss of PLN46K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Valuation of Financial Investments increase from PLN66K (expense) to PLN16K (income), Pensions and Wages decrease of 38% to PLN44K (expense).