EARNINGS-POLL-Unipetrol seen posting Q3 loss on one-offs

09.11.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

* Unipetrol Q3 2007 earnings * Tuesday, Nov. 13, around 09:00 a.m. (0800 GMT) * Average forecast net loss 1.2 billion crowns ($66.3 ...

...million), due to shutdowns and one-off charges 
 
    Czech oil group Unipetrol 
 is expected to post a 1.2 billion crown net loss for 
the third quarter versus an 850 million crown profit a year 
before, due to shutdowns and a one-off charge, a Reuters survey 
showed on Friday. 
    Four analysts, who gave estimates including writedowns, 
predicted operating profit (EBIT) of the Czech unit of Poland's 
PKN Orlen  at 752 million crowns, down from 1.68 
billion in the third quarter last year. 
    In the third quarter this year, Unipetrol's results were 
slowed by planned shutdowns of refinery and petrochemical 
operations aimed to upgrade and increase capacity. 
    Unipetrol will also book a one-off charge from the sale of 
non-core assets agreed at the end of October. 
    PKN Orlen, which owns 63 percent of Unipetrol, said on 
Thursday the charge would cut its consolidated profit by 200 
million zlotys ($80 million). 
    Unipetrol did not comment on the size of the charge. 
    Several analysts did not provide forecasts due to the 
unknown extent of the one-offs. 
     
    Following is a summary of analysts' forecasts (figures in 
billions of crowns, losses in brackets) 
                   Average   Median     Q3/06      Range 
 Sales             22.407    22.502     26.87   22.020 - 22.700 
 EBIT               0.752     0.972      1.68   (0.235) - 1.300 
 Net profit        (1.209)   (1.290)     0.85   (1.618 -  0.638) 
 ----------------------------------------------------------------     The following equity houses took part in the poll: 
    Atlantik FT, BHSecurities, KBC Securities/Patria Finance, 
Wood & Company. 
 (Reporting by Jan Korselt) 
  
 
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[PRAGUE/Reuters/Finance.cz]

Autor článku

Jan Korselt  

Články ze sekce: Zpravodajství ČTK