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Polish energy giant, Orlen Group, has announced its remarkable financial performance for the second quarter of the current year, boasting profits exceeding 4.5 billion PLN, compared to over 3.6 billion PLN in the same period last year. The company’s consolidated financial results for Q2 were released on Thursday, revealing a year-on-year increase of 0.9 billion PLN in profits.
In the second quarter of this year, Orlen Group achieved a net profit of 4.544 billion PLN, a substantial rise from the 3.683 billion PLN recorded in the corresponding period last year. The impressive growth highlights the company’s successful strategies and adaptability in a dynamic energy market.
For the first half of 2023, Orlen Group reported a net profit of 13.653 billion PLN, a notable surge from the 6.528 billion PLN achieved in the same period in the previous year. This substantial increase of 7.1 billion PLN reaffirms Orlen’s strong financial position and strategic foresight.
Podsumowanie najważniejszych wydarzeń minionego kwartału w Grupie ORLEN #ORLEN2Q23 pic.twitter.com/ftExx3QExw
— ORLEN (@GrupaORLEN) August 24, 2023
Investing in Energy Security
Orlen’s CEO, Daniel Obajtek, emphasized the company’s commitment to enhancing Poland’s energy security and independence. The conglomerate is set to allocate a record-breaking 36 billion PLN to projects aimed at bolstering energy security and developing sustainable energy sources, including renewable energy and safe nuclear power.
Obajtek reiterated Orlen’s dedication to securing a prosperous future for Poland by leveraging the company’s potential, post-merger, to invest in clean, affordable, and stable energy. This strategy not only ensures a reliable energy supply but also contributes to job creation across the nation.