Unipetrol sees lower Q2 profit vs some mkt fcasts

08.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Second-quarter profits at Czech oil group Unipetrol are likely to lag some analysts' estimates due to a higher one-off charge on the sale...

...of the Kaucuk subsidiary, a company's official said on Wednesday.

Radek Nemecek, head of Unipetrol's investor relations, told Reuters the impairment charge on Kaucuk in the second quarter would exceed the first quarter's 450 million crowns ($21.99 million) by a few hundred million crowns.

As a result, the Czech unit of Poland's refiner PKN Orlen is likely to report a lower second-quarter net profit than the 1.6-1.7 billion crowns result suggested by some analysts' forecasts obtained by the company, he said.

Unipetrol is due to report second-quarter earnings on Monday.

[PRAGUE/Reuters/Finance.cz]

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