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Poland's Tauron H1 net profit at $192 mln, below estimates

Published 2015-08-20, 12:35 a/m
© Reuters.  Poland's Tauron H1 net profit at $192 mln, below estimates
TPE
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WARSAW, Aug 20 (Reuters) - Tauron TPE.WA , Poland's
second-largest utility, posted a 1.6 percent drop in net profit
in the first half due to higher debt costs, fall in coal prices
and revaluation of its stock piles.
The state-run company posted a profit of 718.5 million
zlotys ($191.6 million) in the first half of this year while
analysts polled by Reuters expected a net profit of 786 million
zlotys.
Tauron's investments rose by 42 percent to 1.77 billion
zlotys.
($1 = 3.7506 zlotys)

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