Tauron with net loss of PLN 2.88 bln in Q4

Listed power group Tauron posted an attributable net loss of PLN 2.88 billion in Q4 2015 due to PLN 3.57 billion in impairments, the company said. Last year in the same period, the group posted a profit of PLN 132.19 million. EBITDA amounted to PLN 683.23 million compared with PLN 769 million a year before. Consolidated revenues totaled PLN 4.74 billion, versus PLN 4.85 billion in Q4 2014. The group warned that further asset impairments could follow if unfavorable market trends persist.