LOTOS net profit falls to PLN 225.8 mln

Grupa Lotos recorded a consolidated net profit of PLN 225.8 million in Q2 2016, compared with a net profit of PLN 478.62 million over the same period in 2015, the company informed. The operational profit stood at PLN 550.5 million, versus PLN 568.5 million a year before. Consolidated sales revenues amounted to PLN 4.97 billion, versus PLN 6.64 billion in Q2 2015. Grupa Lotos is Poland's second largest oil company engaged in the business of production and processing of crude oil, as well as wholesale and retail sale of high quality petroleum products.