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RSS FeedsPKN ORLEN MOVING FORWARD WITH ITS STRATEGIC GROWTH PROJECTS, WHILE DELIVERING SOLID PERFORMANCE AND MAINTAINING SOUND LIQUI
(World News Cezch Republic)

 
 

30 july 2020 14:39:44

 
PKN ORLEN MOVING FORWARD WITH ITS STRATEGIC GROWTH PROJECTS, WHILE DELIVERING SOLID PERFORMANCE AND MAINTAINING SOUND LIQUI
(World News Cezch Republic)
 


For Q2 2020, PKN ORLEN posted LIFO-based EBITDA of PLN 5.7bn, with net profit of PLN 4bn. A gain on the bargain purchase of the Energa Group was a major contributor, at PLN 3.7bn. Strong performance was posted by the power generation and retail segments, with combined EBITDA LIFO close to PLN 1.5bn. The ORLEN Group`s solid financial results were delivered against the backdrop of macroeconomic headwinds and the situation sparked by the coronavirus pandemic. During Q2 2020, further progress was made on the Group`s strategic capital projects, including the construction of a visbreaker unit designed to improve the PÅ‚ock refinery`s operational efficiency. Additionally, the period saw completion...


 
39 viewsCategory: General > Europe > Czech Republic
 
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