The Warsaw Voice » Business » News - March 7, 2018
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
PKN Orlen again with low margin level
Blue-chip fuel group PKN Orlen recorded only USD 4.1 refining margin in February, making it the third consecutive month of low margin level and a 26.8% year on year drop, the daily Parkiet comments. Some analysts see the persisting low margin levels as a confirmation of a downturn in the refining industry. Orlen stock price sank by 2.7% on Monday, following the data release. Apart from the macro data, the firm's stock performance is suffering from the news on likely takeover of rival Lotos fuel group and the recent reshuffles of PKN Orlen management, the paper points out.