PKN Orlen net profit at PLN 1.6 bln in Q2

Poland's largest refiner PKN Orlen reported a consolidated net profit of PLN 1.6 billion in Q2 2016, compared with a net profit of PLN 1.37 billion generated in Q2 2015. Orlen's operating profit amounted to PLN 2.49 billion, versus a profit of PLN 2.16 million in the previous year. The company's revenue totaled PLN 19.34 billion, in comparison with PLN 24.78 billion in Q2 2015. PKN Orlen has been listed on the Warsaw Stock Exchange since 1999. The company processes crude oil into gasoline, diesel oil, fuel oil and aviation fuel. Currently it owns six refineries in Poland, the Czech Republic and Lithuania.