...net loss 1.2 billion crowns ($66.3
million), due to shutdowns and one-off charges
Czech oil group Unipetrol
is expected to post a 1.2 billion crown net loss for
the third quarter compared to an 850 million crown profit a year
before, due to shutdowns and a one-off charge, a Reuters survey
showed on Friday.
Four analysts, who gave estimates including writedowns,
predicted operating profit (EBIT) of the Czech unit of Poland's
PKN Orlen at 752 million crowns, down from 1.68
billion in the third quarter last year.
In the third quarter this year, Unipetrol's results were
slowed by planned shutdowns of refinery and petrochemical
operations aimed to upgrade and increase capacity.
Unipetrol will also book a one-off charge from the sale of
non-core assets agreed at the end of October.
PKN Orlen, which owns 63 percent of Unipetrol, said on
Thursday the charge would cut its consolidated profit by 200
million zlotys ($80 million).
Unipetrol did not comment on the size of the charge.
Several analysts did not provide forecasts due to the
unknown extent of the one-offs.
Following is a summary of analysts' forecasts (figures in
billions of crowns, losses in brackets)
Average Median Q3/06 Range
Sales 22.407 22.502 26.87 22.020 - 22.700
EBIT 0.752 0.972 1.68 (0.235) - 1.300
Net profit (1.209) (1.290) 0.85 (1.618 - 0.638)
---------------------------------------------------------------- The following equity houses took part in the poll:
Atlantik FT, BHSecurities, KBC Securities/Patria Finance,
Wood & Company.
(Reporting by Jan Korselt)
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Keywords: UNIPETROL RESULTS/
[PRAGUE/Reuters/Finance.cz]



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