Petrolinvest net loss down in Q4

WSE-listed Petrolinvest reported a consolidated net loss of PLN 147.24 million in Q4 2014, compared with PLN 160.16 million in the previous year, the company announced. Consolidated sales revenues stood at PLN 6,000 in Q4 2014, versus PLN 13,000 in Q4 2013. In 2014, the company had a consolidated net loss of PLN 242.20 million, compared with PLN 244.37 million one year earlier. Petrolinvest has been listed on the Warsaw Stock Exchange since 2007 and its core activities focus on exploration and production of hydrocarbons. Currently, the Petrolinvest Group is involved in the exploration of oil and gas in Kazakhstan and carries out investment projects in the shale gas sector in Poland.