PKN Orlen EBITDA at PLN 9.4 billion, CAPEX at PLN 4.7 billion in 2016

Polish oil company PKN Orlen estimates that it reached an EBITDA profit calculated using LIFO (last in-first out) of PLN 9.4 billion in 2016, and put last year’s capital expenditure at PLN 4.7 billion, the company said. In mid-December of last year Orlen estimated that LIFO EBITDA would amount to PLN 8.3 billion in the whole…

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