PGNiG income not as high

PGNiG, the biggest Polish gas company,  has finished the second quarter of 2014 with PLN 338 million net profit attributable the shareholders of the parent company. Last year's result was a bit better with PLN 352 million profit. The profit estimated by analysts was higher (PLN 689.5 million), but it didn't include the transcripts made by the company. The operating profit in Q2 was PLN 611 million, while a year ago it was PLN 747 million high. EBITDA fell to PLN 1.285 million from PLN 1.360 million last year. The overall revenue of the group rose to PLN 6.85 billion from PLN 6.5 billion last year. PGNiG is Poland main natural gas distributor. It also runs several electrical power and heating plants including Żerań and Siekierki heating plants.