Historical Stock Chart
2 Years : From May 2011 to May 2013
Poland's top utility company PGE Polska Grupa Energetyczna SA (PGE.WA) expects its capital expenditure to rise by over 20% in 2012 from 4.32 billion zlotys ($1.37 billion) last year, the company said Wednesday.
Poland's largest power producer expects its power generation volume to rise by up to 5% in 2012, accompanied by a slight rise in power prices to PLN204-PLN206 for each megawatt-hour from PLN199 in 2011.
PGE posted a 65% increase in 2011 net profit to PLN4.94 billion, driven by the sale of its stake in mobile operator Polkomtel. Revenue rose 37% to PLN28.1 billion, a touch short of market expectations of PLN28.25 billion.
-By Patryk Wasilewski, Dow Jones Newswires; +48 22 447 2430; firstname.lastname@example.org