Locked content PKN Orlen profits rise sharply y/y in Q3

PKN Orlen recorded a net profit of PLN1.53 billion in Q3 of 2016 compared to 795 million a year earlier, the company announced. The operating profit rose to PLN 1.77 billion, up from PLN 1.16 billion a year earlier, while the EBITD result rose y/y to PLN 2.31 billion from PLN 1.63 billion. However, ...

Locked content CBA investigates PKN Orlen, Lotos, KGHM, Azoty and PGZ

The Central Anti-Corruption Bureau (CBA) instituted control procedures at companies fully owned by the State Treasury and all its subsidiaries: fuel groups PKN Orlen, Lotos, copper group KGHM Polska Miedź, chemicals Azoty Group and Polish Armaments Group – PGZ, the bureau announced on its webs...

Locked content Orlen to pay PLN 200 million in retail tax

Polish state-owned refinery giant PKN Orlen estimates it will have to pay in PLN 200 million a year in retail tax, the company said in a communique for the Polish Press Agency (PAP). The company also reminded that gasoline stations run by franchise owners are separate entities and the calculation ex...

Locked content PKN Orlen heads Coface ranking

PKN Orlen has ranked first in the Coface CEE region ranking, the insurer reported. PKN earned top spot after surpassing two Hungarian companies – GE Hungary and MOL. Two other Polish companies ranked in the top ten: Jeronimo Martins Polska (4th) and PGNiG (5th). “Most companies from the region...

Locked content PKN Orlen net profit at PLN 1.6 bln in Q2

Poland’s largest refiner PKN Orlen reported a consolidated net profit of PLN 1.6 billion in Q2 2016, compared with a net profit of PLN 1.37 billion generated in Q2 2015. Orlen’s operating profit amounted to PLN 2.49 billion, versus a profit of PLN 2.16 million in the previous year. The c...

Locked content PKN Orlen bonds worth €750 mln to debut on Catalyst

The board of the Warsaw Stock Exchange has announced that the oil refiner and petrol retailer PKN Orlen will start trading 7,500 AB series bonds on the Catalyst market on July 20. The nominal value of each bond stands at €100,000, which means that the company will raise €750 million, the board repor...

Locked content PKN Orlen and PGNiG to expand in Poland

Poland’s largest refiner PKN Orlen along with listed natural gas group PGNiG have signed a letter of intent on cooperation in E&E activities in new areas in Poland, PKN Orlen informed in a market filing. “The companies express the will to cooperate in the following regions: the Pomer...

Locked content PKN Orlen signs annex to lucrative deal with Rosneft

Poland’s largest refiner PKN Orlen has signed an annex to the deal of June 2013 with Russia’s Rosneft Oil Company, the firm informed in a statement. The agreement provides for the supply of between 2.9 million to 5 million metric tons of crude oil for the Czech unit, Unipetrol RPA in Lit...

Orlen signs deal with Saudi Aramco

Saudi Aramco and Poland’s biggest refiner PKN Orlen signed a contract on Wednesday in which they agreed for Aramco to supply PKN with 50,000 barrels of crude oil per day starting this month, Reuters said.

Locked content Wprost names 200 biggest Polish companies

PKN Orlen is the largest Polish company, according to new Wprost’s  rating edition of the 200 biggest Polish companies. The first two positions invariably belong to the fuel giant PKN Orlen (1st place) and oil & natural gas company PGNiG (2nd). Grupa Lotos ranked in 3rd place, replacing Po...