PGNiG records nearly 50% net profit growth

The state-owned PGNiG recorded a PLN 2.8 billion net profit in 2014, an increase by 47 percent year-on-year, the company informed. As of the fourth quarter of 2014, PGNiG recorded PLN 690 million of consolidated net profit, compared with a loss of PLN 160 million a year before. The operational profit stood at PLN 760 million, versus PLN 90 million in Q4 2013. The consolidated sales revenue reached PLN 11.5 billion in Q4 2104, compared with PLN 9.1 billion same period in 2013, PGNiG also informed.