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People & Business :: Earnings/Finance
PKN Orlen's petrochemical activities swing to a quarterly profit
1:00 PM MST | January 25, 2013 | Francinia Protti-Alvarez
PKN Orlen's (Plock, Poland) petrochemical operations swung back into positive earnings territory during the fourth quarter of 2012, with the company's consolidated results showing a 293-million zloty ($93.4 million) operating profit, recovering from the Zl 1.28-billion operating loss reported during the fourth quarter of 2011, according to the company’s recently released results. The company’s Unipetrol (Prague) subsidiary experienced production limitations that affected its olefin and polyolefin supply. Total quarterly petrochemical revenues rose by...
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