Author: susannahmcculloc

For the second quarter of 2021, the ORLEN Group posted record-high LIFO-based EBITDA of PLN 3.2bn, up by a remarkable PLN 1.2bn y/y. The Group’s strong market position has also been confirmed by its net profit of PLN 2.2bn and 73% y/y growth in revenue, to PLN 29.4bn. The main contributors to the Group’s impressive performance were power generation and petrochemicals. More than half of the ORLEN Group’s sales revenues come from foreign markets. LIFO-based EBITDA delivered by the power generation segment was in excess of PLN 1.2bn, while petrochemical production generated solid LIFO-based earnings of over PLN 1bn, representing ... Read more