PGE's net profits slightly higher than expected

Poland's largest utility recorded PLN 1.029 billion in net profits in Q1, compared with PLN 971 million predicted by the market. In the corresponding period last year, PGE net profits' stood at PLN 378 million, the company also reported. EBITDA amounted to PLN 2 billion, thus a 15 percent increase on a yearly basis. PGE pointed out that the segments of conventional energetics and distribution were the most crucial for the EBITDA. Consolidated revenue has also grew and totaled PLN 6.9 billion, whereas it stood at PLN 6.6 billion in Q3 2014.