PKN Orlen records 52-pct y/y increase in revenues in Q3

 Polish energy company PKN Orlen saw revenues climb by 52 percent year on year in the third quarter of 2021, the firm announced on Thursday. In the third quarter of 2021, PKN Orlen generated a profit equal to profits generated in eight years before 2015.

Orlen said the result was due to higher prices of refinery products due to a year-on-year rise in crude oil prices of USD 31 a barrel. The company's quarterly results, published on Thursday, showed that a 2-percent rise in sales volume also had an effect on incomes.