Orlen fuel to book PLN 0.8 bln reversal of impairment on Orlen Lietuva

WSE-listed fuel giant PKN Orlen will reverse some PLN 800 million impairments on its Lithuanian unit Orlen Lietuva shares. “The estimated reversal amount is mainly due to Orlen Lietuva's better than planned performance, which will be subject to analysis as part of the audit of PKN Orlen's annual financial statements and is subject to change,” the company said in a market filing. The reversal will have no impact on consolidated financial statements for Q4, the company said.