Czech Unipetrol sees lower Kaucuk charge in Q2

09.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

A charge on the sale of rubber making subsidiary Kaucuk will lower second-quarter operating profits at Czech oil group Unipetrol by 439 million...

... crowns ($21.49 million), the company said on Thursday.

Unipetrol, a unit of Polish refiner PKN Orlen , said the charge lowering its earnings before interest, tax, depreciation and amortisation (EBITDA) would fall from the first quarter's 449 million crowns.

The statement contradicted comments on Wednesday by the head of investor relations at Unipetrol that the charge would be several hundred million crowns higher than in the first-quarter level.

[PRAGUE/Reuters/Finance.cz]

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