Pkn Orlen announces financial result for Q2
by ChemOrbis Editorial Team - content@chemorbis.com
According to Reuters, Pkn Orlen reported a lower net profit in April-June period. Accordingly, the company’s net profit fell by 4% to 1.54 billion zlotys ($425 million) in the second quarter on a yearly basis. This result defied the analysts’ expectation of a rise of 1.87 billion zlotys ($513 million).
However, the company’s sales increased by 19% in the second quarter to 23 billion zlotys ($6.3 billion) on the back of insurance payments as well as new regulations entered into force in last year in order to prevent the black market of fuel sales.
However, the company’s sales increased by 19% in the second quarter to 23 billion zlotys ($6.3 billion) on the back of insurance payments as well as new regulations entered into force in last year in order to prevent the black market of fuel sales.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- March hints at further hikes in European PP, PE markets
- India’s PVC market dips to new lows on Taiwan’s March cuts, players seek signs of bottom
- Q1 turnarounds uplift Mid-East PP, PE markets in February; will it spill over to March?
- SE Asia’s indefinite PE shutdowns: A market in crisis as demand woes threaten survival
- Türkiye’s PPH markets perform better than copolymers in February
- Margin recovery priorities outweigh supply imbalances in European PVC markets
- Asian PVC demand stagnant; recovery hopes shift to end of Q1
- Tough slog in S Korea’s petchem industry spells disappointing 2024 financial results; will government's recent plan help weather the storm?
- China’s PP, PE markets face post-holiday supply surge and tepid demand
- A tug-of-war unfolds in Türkiye as PVC demand struggles against rising costs
