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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 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 Month PGE Polska Energetyczna (PK) Chart |
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