PGNiG reports net loss of PLN 115 million for Q2

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) reported a PLN 115 million net loss in Q2 2016, a drawback from PLN 621 million net profit last year. EBITDA stood at PLN 738 million, down from PLN 1.670 billion in 2015. " In H1 PG PGNiG retained stable production and sales volume in all areas of operation. The financial results were altered by macroeconomical factor, including falling oil prices on global markets", the statement reads. PGNiG is listed on the WSE since 2005. The group deals with oil and natural gas extraction, among others.