PGG expects 'high' profit this year

State-owned coal miner Polska Grupa Górnicza (PGG) hopes that this year it will reach a "high" profit for the year, CEO Tomasz Rogala told Radio Piekary. “The minimum goal is not to post a loss, as we should remember that KHW was taken over in a difficult situation,” Rogala said. “But we are convinced we will generate a profit,” he added. PGG has acquired the assets of the troubled peer Katowcki Holding Węglowy (KHW) at the beginning of April. Back in February, company's officials said that this year's profit could reach PLN 700 million, but according to Rogala, good chunk of that goal was already achieved in the first quarter of the year.