Polish PGE 2Q Net Profit Up 20% To PLN1.28 Billion
August 28 2013 - 1:25AM
Dow Jones News
WARSAW--Poland's top electricity producer PGE Polska Grupa
Energetyczna S.A. (PGE.WA) reported on Wednesday a 20% jump in net
profit to 1.28 billion zlotys ($400 million) on increased sales and
improved margins thanks to cost cutting
MAIN FACTS:
- Net profit up 20% to PLN 1.28 billion from PLN1.07 billion in
2Q 2012
- Sales up 4% to PLN7.31 billion from PLN7.03 billion in 2Q
2012
- EBITDA margin up to 32% in 2Q 2013
- Cost-cutting program brought PLN213 million in savings in
2Q
Write to Patryk Wasilewski at patryk.wasilewski@wsj.com
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