Saturday, May 25th, 2013
Orlen profits up, debt down
Polish oil giant PKN Orlen published its third-quarter results last week. As analysts expected, its net profit came in at zł.1.3 billion, compared to a loss of zł.258 million in the corresponding period of the previous year. What surprised analysts was the exceptionally low level of debt. Jacek Krawiec, the firm’s CEO said this meant the company’s situation was “stable.”
From Warsaw Business Journal
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