Finance
Poland's Orlen first-quarter net profit rises on upstream gains
Poland's Orlen first-quarter net profit rises on upstream gains
Published by Global Banking and Finance Review
Posted on May 22, 2025
Published by Global Banking and Finance Review
Posted on May 22, 2025
GDANSK (Reuters) -Polish energy group Orlen posted a 54% rise in first-quarter net profit on Thursday, as strong upstream performance helped offset lower sales and refining margins.
The company's net result for the quarter stood at 4.28 billion zlotys ($1.14 billion), below the 4.67 billion zlotys forecasted by analysts polled by Reuters.
($1 = 3.7445 zlotys)
(Reporting by Rafal W. Nowak, editing by Milla Nissi-Prussak)
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