Poland's PGNiG Says Q2 EBIT Hit By Impairments

Reuters

WARSAW, July 7 (Reuters) - Poland's dominant gas firm PGNiG booked impairments which diminished its operating profit by 624 million zlotys ($156 million) in the second quarter of 2016, the company said on Thursday.

"The biggest impact on the impairments came from long-term macroeconomic assumptions, especially forecasts regarding prices of oil and gas," it said in a statement.

The impairments concern mainly the group's exploring and producing segments.

(Reporting by Marcin Goclowski)

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Oil and Gas job opportunity for "Big 4" Trained Auditors
Expertise: Accounting
Location: Houston, TX
 
Project Manager
Expertise: Project Management
Location: Houston, TX
 
Project Accountant
Expertise: Accounting
Location: Nashville, TN
 
search for more jobs

Brent Crude Oil : $53.89/BBL 1.67%
Light Crude Oil : $50.84/BBL 2.14%
Natural Gas : $3.7/MMBtu 2.77%
Updated in last 24 hours