Lotos with PLN 410.9 mln attributable net profit in Q1

WSE-listed fuel giant Lotos reported a Q1 attributable net profit of PLN 410.9 million, up by 297 percent y/y. In q/q terms, the profit grew by 32 percent. The margins were down due to maintenance shutdowns, but results were boosted by rising fuel prices. Sales revenues stood at PLN 5.44 billion, a 38.4 percent increase y/y and 14.4 percent decline q/q. EBITDA amounted to PLN 226.6 million, a 100.6 percent increase y/y, and 22.9 percent drop q/q.