Poland's Orlen first-quarter net profit rises on upstream gains
GDANSK, May 22 (Reuters) - Polish energy group Orlen (PKN.WA), opens new tab posted a 54% rise in first-quarter net profit on Thursday, as strong upstream performance helped offset lower sales and refining margins.
The company's net result for the quarter stood at 4.28 billion zlotys ($1.14 billion), below the 4.67 billion zlotys forecasted by analysts polled by Reuters.
($1 = 3.7445 zlotys)
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