PKN Orlen Q2 net profit down

WSE-listed fuel giant PKN Orlen had a PLN 1.541 billion attributable net profit in Q2, down by 10.7 percent q/q and 4.2 percent y/y. Revenues amounted to PLN 23.02 billion, up by 0.7 percent q/q and 19 percent y/y. EBITDA stood at PLN 2.45 billion, down by 4.8 percent q/q and 8.8 percent decline y/y. The group's key earnings measure of LIFO EBITDA was up 18 percent y/y. The company increased its earnings in all of its key segments.