Poland's Lotos warns of poor fourth quarter

摘要

London-Analysts fear for the future of Poland's second-largest refiner Grupa Lotos after CFO Mariusz Machajewski December 3 warned the company's fourth quarter losses may be worse than those posted in the July-September period. Lotos reported a net loss of Zloty 237.9 million ($79.3 million) in the third quarter on hedging losses and foreign exchange charges, a result that was significantly worse than the analysts' forecast of a net loss of Zloty 49 million.