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PGPKY PGE Polska Energetyczna SA (PK)

4.13
0.00 (0.00%)
02 Jul 2024 - Closed
Delayed by 15 minutes
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

Polish PGE 1Q Net Profit Drops 25%, Beats Forecast

15/05/2013 6:33am

Dow Jones News


PGE Polska Energetyczna (PK) (USOTC:PGPKY)
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From Jul 2019 to Jul 2024

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WARSAW--Poland's top energy utility PGE Polska Grupa Energetyczna S.A. (PGE.WA) said first-quarter net profit dropped 25% to 1.23 billion zlotys ($380 million) due to lower prices amid an economic slowdown.

MAIN FACTS:

- Net profit dropped 25% to PLN1.23 billion, analysts expected a fall to PLN1.04 billion.

- Operating profit down to PLN1.55 billion from PLN1.96 billion a year earlier.

- Analysts expected EBIT to reach PLN1.3 billion.

- Revenues declined less than expected to PLN7.8 billion.

- Decline in earnings a result of lower energy prices and lower margins due to economic slowdown in Poland.

Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year PGE Polska Energetyczna (PK) Chart

1 Year PGE Polska Energetyczna (PK) Chart

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1 Month PGE Polska Energetyczna (PK) Chart

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