Orlen's shares expected to rise in light of revised Q2 figures

The results published back in August did not include the effect of the purchase of the majority stake in Czech Republic's Unipetrol. The Orlen group's net profit was at that time estimated at zł.698.1 million, at revenues of zł.8.4 billion. According to the revised report, the net profit was zł.2.7 billion and was 400% higher than in the analogous period 2004, and the revenues amounted to zł.9.96 billion. The H1 operational profit of PKN Orlen increased from zł.1 billion in 2004 to zł.3.5 billion in H1 2005. The new figures did not surprise market analysts, who at the same time project that they will influence the company's standing on the bourse. "I expect a visible reaction of investors during today's session. The standing will certainly go up. Orlen will also have an impact on the whole WIG20 index," stated Remigiusz Sopel from IDMSA.pl. (Parkiet, p. 3) A.F.