Unipetrol Q1 net profit jumps, beats market fcast

15.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Net profits at Czech oil group Unipetrol doubled in the first quarter of the year, the company reported on Tuesday, beating market expectations...

...of a 39 percent profit increase.

Unipetrol said net profit attributable to shareholders rose to 1.56 billion crowns ($74.75 million) from 0.79 billion a year earlier. Six analysts polled by Reuters had given an average profit forecast of 1.13 billion crowns.

Revenues of the subsidiary of Polish refiner PKN Orlen grew 2 percent to 20.63 billion crowns, lagging the 23.80 billion crown forecast.

[PRAGUE/Reuters/Finance.cz]

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