PKN suffers $341 million Q1 loss, as expected

Wed May 13, 2009 11:11pm BST
 
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WARSAW, May 13 (Reuters) - Poland's largest refiner PKN Orlen PKNA.WA had a 1.1 billion zlotys ($341 million) net loss, roughly in line with expectations, as the weaker zloty expanded its financial costs and lower oil prices weighed on the value of stored reserves.

Analysts in a Reuters poll expected PKN to report a net loss of 1.2 billion zlotys. (Reporting by Patryk Wasilewski, editing by Leslie Gevirtz)

 

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