Orlen net loss over PLN 5 bln

PKN Orlen reported a consolidated net loss of PLN 5.81 billion in 2014, compared with a net profit of PLN 180 million generated in 2013. Orlen's operating loss amounted to PLN 4.71 billion, versus a profit of PLN 310 million in the previous year. The company's revenue totaled PLN 106.83 billion, compared with PLN 113.60 billion in 2013. The board of PKN Orlen informed yesterday that it will recommend a pay out of PLN 705.72 million in dividends from reserve capital. This year's losses are a due to the write off of assets and should not compromise the financial stability of Orlen.