PERN net profits up in Q1

State-controlled oil distributor PERN Przyjaźń recorded net profits of PLN 57.3 million in the first quarter of 2015, an increase of 9 percent compared with the PLN 52.4million profit in the corresponding period of last year, the company informed on Tuesday. "This result is the product of the fact that we have been consequently implementing our strategy of searching for new sources of income," Marcin Moskalewicz, PERN's CEO, pointed out. PERN Przyjaźń is one of the leading companies for oil transportation and storage in Poland. In 2014, the firm's net profits stood at 207.2 million.