Brief: GA Zaklady Chemiczne Police Says Sale Of CO2 Emission Allowances To Up Q2 EBITDA By 91 Mln Zlotys

Grupa Azoty Zaklady Chemiczne Police SA

03/07/2023 06:58

July 3 (Reuters) - Grupa Azoty Zakłady Chemiczne Police
SA  PCE.WA :
    * THE COMPANY SAID ON FRIDAY THAT IT HAS COMPLETED SALE OF
457,373
CO2 ALLOWANCE UNITS
    * THE SAID SALE POSITIVELY IMPACTS THE LIQUIDITY SITUATION,
AS
WELL AS IT LOWERS THE CONSOLIDATED NET DEBT
    * THE PROCEEDS FROM SAID SALE WILL INCREASE CONSOLIDATED
EBIT AND
EBITDA RESULTS FOR THE SECOND QUARTER AND FIRST HALF OF 2023 BY
91 MILLION ZLOTYS
    * THE REVENUE VALUE FROM SAID SALE AMOUNTED TO 39.3 MILLION
EUROS
    * THE SAID SALE REGARDED SURPLUS OF ALLOWANCE UNITS STEMMING
FROM
LOWER OUTPUT LEVELS AND THE REMAINDER OF CO2 EMISSION FOR 2022

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM7c8BmDa
 Further company coverage:  PCE.WA  

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