15.1 C
Friday, July 12, 2024

Orlen – financial results for 2022. Huge profit

Must read

- Advertisement -

In 2022, the Orlen Group generated sales revenues of over PLN 278 billion. The net profit amounted to nearly PLN 35.5 billion, while a year earlier it was about PLN 11.2 billion, according to a report published by the concern.

In the fourth quarter of 2022, the Orlen Group generated revenues of PLN 102.3 billion, EBITDA LIFO of PLN 16.1 billion and net profit of PLN 8.1 billion, it was announced. PKN Orlen emphasized that the results were adjusted for a one-time profit on a bargain purchase PGNiG.

“The results for the fourth quarter clearly show that the merger of PKN Orlen, Grupa Lotos and PGNiG made sense and is already bringing measurable results. A strong concern has been created with strong foundations, guaranteeing financial stability as well as lasting value and potential for further profits for shareholders” – he said, quoted in a press release, the president of PKN Orlen Daniel Obajtek.

Daniel ObajtekPAP/Marcin Obara

Orlen announced its financial results

- Advertisement -

Throughout 2022, the Orlen Group generated revenues of PLN 278.5 billion, EBITDA LIFO of PLN 38.7 billion and net profit of PLN 35.5 billion.

“Only in 2022, the ORLEN Group paid PLN 39 billion to the state budget in taxes, which is about PLN 13 billion more than in 2015. Throughout 2022, the ORLEN Group spent PLN 19.6 billion on projects that permanently increase energy security and independence of raw materials, including, among others, the development of renewable energy. Such high investment outlays were possible thanks to mergers and generated profits” – reads the company’s communiqué.

Main photo source: orlen.pl

Source link

More articles

- Advertisement -

Latest article