Tauron with higher-than-expected profit

Major Polish power utility Tauron recorded a consolidated net profit of PLN 334.4 million in the second quarter of 2014, the company said on Thursday. The profit was 15.4 percent higher than the one recorded in Q2 2013. Analysts polled by the Polish Press Agency had expected the result to come in at PLN 276.1 million. Tauron’s operating profit amounted to PLN 450 million in Q2 2014. It was 12.6 higher that in Q2 2013 and 7 percent higher than market consensus. The company’s sales revenue declined by 4.5 percent year-on-year to PLN 4,339 million. Market consensus saw it at PLN 4,336 million.