April 26, 2018 / 5:11 AM / 8 months ago

Poland's PKN Q1 net profit falls 46 pct y/y, in line with forecast

WARSAW, April 26 (Reuters) - PKN Orlen, Poland’s top oil refiner, said on Thursday its first-quarter net profit slumped 46 percent year-on-year to 1.04 billion zlotys ($299.26 million) due to lower margins and a stronger zloty.

Analysts had expected the state-run PKN Orlen to report a net profit of 1.02 billion zlotys in the first quarter compared with 1.92 billion zlotys a year ago. ($1 = 3.4752 zlotys) (Reporting by Agnieszka Barteczko Editing by Shri Navaratnam)

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