“The net profit of the Orlen Group for the six months of this year amounted to PLN 2,761 million and was PLN 12,729 million lower than the same period of the previous year,” the company announced on Wednesday evening in its consolidated half-year report. It also highlighted, among other things: that the company spent PLN 14 billion on investments to support the energy transformation in the last six months.
Wednesday night the company published its results for the second quarter of 2024.
“In the first half of this year, Orlen Group allocated PLN 14 billion for investments that support the energy transformation and increase Poland’s energy security,” it reads at the beginning.
As emphasized, the energy segment had a positive impact on the result. It was also noted that in in the second quarter of this year, the Orlen Group developed, among others, revenues of PLN 69.5 billion or “flows from operating activities” of PLN 6 billion.
“We signed a preliminary agreement in August agreement to acquire photovoltaic parks and a wind farm from the Portuguese group EDPR. With one decision, we have increased the renewable energy portfolio of the ORLEN Group by 1/3″, notes Ireneusz Fąfara, Chairman of the Board of Directors of Orlen, in the report.
“The last quarter of this year is, above all, proof that our declaration strengthening corporate governance, communication with the market and increasing financial discipline for the benefit of shareholders has not remained unpaid. We are developing all areas of our business,” Magdalena Bartoś, Orlen’s deputy chairman of the board for finance, was quoted in the report as saying.
You can read the full content of the report HERE.
