Lotos net loss PLN 1.28 bln in Q4 2014

Grupa Lotos recorded a PLN 1.28 billion consolidated net loss in the fourth quarter of 2014, compared with PLN 35 million over the same period in 2013, the company informed. The market consensus was PLN 1 billion of net loss. The operational loss stood at 1.07 billion, versus PLN 47.2 million a year before. The consolidated sales revenue amounted to PLN 6.57 billion, versus PLN 7.5 billion in Q4 2013. As of 2014, the consolidated net loss was PLN 1.46 billion, compared with a PLN 39.5 million net profit in 2013 (sales revenue was PLN 28.5 billion, versus PLN 28.55 million a year before).