19:51 25 April 2019
PKN Orlen reports Q1 net profit of PLN 849 mln
Fuel giant PKN Orlen recorded Q1 consolidated net profit attributable to shareholders of PLN 849 million versus PLN 1.04 billion y/y. Revenue grew to PLN 25.25 billion in Q1 compared to PLN 23.24 billion y/y. The company reduced net debt by PLN 0.5 billion compared to the previous quarter.
Orlen allocated PLN 598 million to capex in Q1 against full year capex plan of PLN 5.0 billion. The company spent PLN 324 mln in downstream, PLN 147 mln in upstream and PLN 101 mln in retail.
(ISBnews)
