POLAND's PKN Q1 net profit seen jumping to USD 476 mln

Poland's biggest oil refiner, PKN Orlen, is expected to post a 466-percent jump in its first quarter net profit mainly thanks to insurance payment, fuel sales and oil prices, a Reuters poll showed on Friday. The state-controlled oil firm is seen posting a bottom line of 1.9 billion zlotys (USD 476.42 million) compared to 337 million zlotys profit a year earlier, based on a forecast from eight banks and brokerages. Read the full story
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