PGE to post PLN 5 bln loss
14:21
Listed power utility PGE will post some PLN 5 billion in net losses in H1 after booking around PLN 8.8 billion impairment against conventional generation assets, the Polish Press Agency (PAP) informed.
The impairment asset of some PLN 8.8 billion will eat away PLN 7.1 billion from the bottom line, but the group will book a positive PLN 250 million in compensation for termination of long-term contracts and PLN 200 million in revaluation of recultivation and actuarial provision, PGE estimates.
