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Name | Symbol | Market | Type |
---|---|---|---|
PGE Polska Energetyczna SA (PK) | USOTC:PGPKY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.13 | 2.22 | 4.84 | 0.00 | 21:00:02 |
WARSAW--Poland's PGE Polska Grupa Energetyczna SA (PGE.WA) said late Tuesday it expects a series of one-time events to weigh on its fourth-quarter net profit by about 1.21 billion zloty ($391 million).
MAIN FACTS:
-The state-controlled company plans to write-down the value of its Dolna Odra power plant by PLN1.49 billion.
-PGE will write-down by PLN156 million its project to capture and store carbon dioxide because a lack of joint financing from the European Union prevented it from getting other financing for the experimental project.
-The company will report a gain of about PLN1.25 billion at its conventional energy core business.
-This gain results from higher compensation for favorable long-term contracts made in previous years, since cancelled, whose formula has taken into account that power prices have fallen.
-PGE is scheduled to release its fourth-quarter consolidated earnings reports March 14.
Write to Marynia Kruk at marynia.kruk@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year PGE Polska Energetyczna (PK) Chart |
1 Month PGE Polska Energetyczna (PK) Chart |
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