PGNiG Q1 net profit, revenue jump as energy prices rise

Polish energy giant PGNiG recorded Q1 net profit attributable to shareholders of PLN 4.1 mln compared to PLN 1.7 mln a year ago, the company said. Revenue rose more than three times year on year to PLN 47.4 mln as energy prices spiked fueled by the war in Ukraine and the EU’s effort to move away from Russian fossil fuels.

“The main determinant of the group's financial results was the increase in the prices of…