POLSKIE GÓRNICTWO NAFTOWE I GAZOWNICTWO S.A. The price of PGNiG shares rose to another all-time high in the 10 years of the Company's presence on the Warsaw Stock Exchange. On June 19th 2015, the closing price per one PGNiG share was PLN 6.85. The previous record was set on May 27th 2015, with a price of PLN 6.76 per share.
The last six months were special for PGNiG also in terms of other record-breaking results. In 2014, the PGNiG Group posted a record-high net profit, of over PLN 2.8bn, up 47% year on year. The Group's EBITDA grew by 13%, to PLN 6.3bn, compared with PLN 5.6bn in 2013.
In Q1 2015, the PGNiG Group reported its highest ever quarterly net profit of PLN 1.2bn, up 5% year on year, mainly on improved efficiency and cost reductions, including lower cost of gas purchases. At the same time, the Company's debt dropped to an all-time low, which is a good starting point for acquisitions planned in H2 2015.
Moreover, PGNiG continues the Group restructuring process and is implementing a programme to improve efficiency across the Group.
Press Team
PGNiG SA
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