Poland's Orlen Q3 sales 14.9 bln zloty

he Polish fuel giant PKN Orlen said third-quarter overall sales reached 14.9 bln zloty (3.9 bln eur) driven by improving retail sales, which have continued into the current quarter.

Orlen chief executive Igor Chalupec said: 'The retail sales of fuel generated better results in the third quarter than the chemical unit. In the next quarter it may turn out to be bigger than the petrochemical unit.'

Consolidated net income in the quarter rose to 1.037 mln zloty, 8.2 pct more than in the previous quarter and 4.3 pct ahead of the same period last year.

Orlen said it sold more than 814 mln litres of fuel in the third quarter, 15.7 pct up on last year.
Source:forbes.com