Previous Close | 14.78 |
Open | 14.60 |
Bid | 14.43 x 150000 |
Ask | 14.73 x 150000 |
Day's Range | 14.40 - 14.60 |
52 Week Range | 11.84 - 17.20 |
Volume | |
Avg. Volume | 1,016 |
Market Cap | 16.718B |
Beta (5Y Monthly) | 0.69 |
PE Ratio (TTM) | 5.07 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.96 (6.51%) |
Ex-Dividend Date | Sept 19, 2024 |
1y Target Est | N/A |
WARSAW (Reuters) -Orlen's first-quarter net profit slumped 70% to 2.77 billion zlotys ($704.82 million) due to the impact of a windfall tax and a weaker refining performance, Poland's top oil refiner said on Wednesday, missing expectations. Earnings before interest, tax, depreciation and amortisation (EBITDA) in the quarter fell by 53% year-on-year to 7.73 billion zlotys, while revenue declined to 82.33 billion, the company said. Analysts' estimates were for net profit of 3.24 billion zlotys.
A Swiss unit of Polish refiner Orlen paid two Dubai-based intermediary companies $330 million for Venezuelan oil, but Venezuela's state oil company PDVSA never received the money, according to sources and a document seen by Reuters. Prosecutors in Poland are investigating the loss of about $400 million by Orlen Trading Switzerland (OTS) in prepayments, mostly for Venezuelan oil, in what has become a politically charged story in Warsaw. State-controlled Orlen agreed last year to buy several oil cargoes from Venezuela during a temporary softening by Washington of sanctions on the country, and sent supertankers to pick them up.
WARSAW (Reuters) -Polish oil refiner Orlen has cancelled contracts to buy Venezuelan oil and refined products after losing more than $400 million on prepayments for deliveries it never received, a company manager said on Tuesday. Oil and tanker charter contracts put in place by the Swiss based unit Orlen Trading Switzerland (OTS) were scrapped as tankers weren't loading and a U.S. sanctions window was about to close, the person said. The U.S. Treasury Department in October issued a licence lifting sanctions on Venezuela's oil production and exports through mid-April, prompting trading houses to buy cargoes from little known intermediaries registered as customers of state company PDVSA.