Energy Markets
Polish utility Tauron swings to loss in Q2 on write-downs
Polish power energy Tauron validated its earlier price quotes on Wednesday, swinging to a net loss in the second quarter on impairments of assets in the generation and heat companies. BY THE NUMBERS Tauron's revenues before interest, taxes, devaluation and amortization (EBITDA) came in at 1.59 billion zlotys, down 22%. on the year. Its quarterly net outcome moved to a 1.38 billion zloty loss. from a revenue of 839 million zlotys a year earlier, after 1.6. billion zlotys of write-downs on set assets in the troubled. segments. WHY IT is necessary Some ageing coal-fired power units owned by Tauron are....