Poland’s largest oil refiner PKN Orlen’s Q1-09 earnings are estimated to be hit by a decline of US$88 mln in the value of oil inventories as well as narrower margins on petrochemical products. Oil stoored in Orlen’s tanks devalued in Q1, reducing earnings by 300 mln zloty (US$88 mln) as compared to a gain of 326 mln zloty in the same period last year.
For more details on PKN Orlen’s Q1-09 earnings estimated to be hit click here
Wednesday, May 06, 2009
PKN Orlen’s Q1-09 earnings estimated to be hit
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