PGNiG profit better than consensus

Poland’s natural gas group PGNiG recorded a consolidated net profit of PLN 616 million in the third quarter of 2014 compared to PLN 654 million a year earlier. Analysts surveyed by the Polish Press Agency had expected PGNiG’s profit to come in at PLN 578.7 million. The company’s operating profit stood at PLN 915 million compared to PLN 881 million. Analysts expected it to be PLN 874 million. Consolidated revenue amounted to PLN 6.44 billion compared to PLN 6.2 billion in Q3 2013. Market consensus saw the figure at PLN 6.3 billion.