* PKN Q2 results to be released on July 29
* PKN expected to report 47% y/y fall in net profit
WARSAW, July 23 (Reuters) - Poland's biggest oil refiner PKN
Orlen is expected to report a 47% fall in its second
quarter net profit from a year earlier, a Reuters poll showed on
Friday.
The state-run refiner is seen posting a net profit of 2.1
billion zlotys ($541 million) compared with 3.97 billion zlotys
in the second quarter of last year, when the results were
boosted by a one-off gain on the purchase of utility Energa, the
survey of eight banks and brokerages showed.
That would put PKN's net profit for the first half of the
year at 3.95 billion zlotys.
The poll also estimated the state-run group's clean EBITDA
LIFO at 2.5 billion zlotys in the second quarter.
The following table summarises forecasts for PKN
Orlen (figures in millions of zlotys unless stated otherwise):
SECOND QUARTER OF 2021
Net income CLEAN EBITDA LIFO EBITDA Sales
Average 2,099 2,536 3,819 27,121
Median 2,338 2,501 3,858 27,571
Lowest 511 2,091 3,341 24,379
Highest 2,648 3,087 4,211 28,424
No. of 8 8 8 6
forecasts
Q2 2020 3,970 800 5,081 17,010
Q1 2021 1,855 1,800 3,701 24,562
Forecasts provided by: Trigon DM, DM mBank, Pekao IB,
Renaissance Capital, BofA, Ipopema Securities, DM BOS, Santander
BM.
($1 = 3.8849 zlotys)
(Reporting by Agnieszka Barteczko
Editing by Mark Potter)
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