PGE net profit at PLN 546 mln in Q2

Poland's largest utility company PGE recorded PLN 546 million in net profits in Q2 2016, compared with a loss of PLN 5.05 billion in the same period in 2015. The company's operating profit amounted to PLN 952  million in Q2 2016, versus a loss of PLN 6.17 billion a year ago. EBITDA amounted to PLN 3.14 billion, compared with PLN 4.22 billion in Q2 2015. Consolidated revenues stood at PLN 13.6 billion, whereas it totaled PLN 14.24 billion in Q2 2015.