Orlen's net profit rises 18% y/y in Q2

PKN Orlen reported a consolidated net profit of PLN 1.60 billion in Q2 2016, compared with a net profit of PLN 1.36 billion generated in Q2 2015. Orlen's operating profit amounted to PLN 2.49 billion, versus a profit of PLN 2.16 billion in the previous year. The company's revenue totaled PLN 19.33 billion, compared with PLN 24.7 billion in Q2 2015. PKN Orlen owns six refineries in Poland, the Czech Republic and Lithuania.