Tauron with PLN 640 mln net Q1 net profit

WSE-listed power group Tauron posted PLN 640.54 million net profit, up from PLN 323.8 million y/y, and in line with the preliminary results. EBITDA stood at PLN 1.18 billion (PLN 873 million in 2016), while revenues amounted to PLN 4.59 billion, up from PLN 4.56 billion the year before. The net profit was boosted by a PLN 190 million gain on a reversal of a reserve on the Stalowa Wola project as well as by PLN 75 million in financial revenues on FX.