PGPKY PGE Polska Energetyczna SA (PK)

WARSAW--Poland's top electricity producer PGE Polska Grupa Energetyczna S.A. (PGE.WA) reported on Wednesday a 20% jump in net profit to 1.28 billion zlotys ($400 million) on increased sales and improved margins thanks to cost cutting

MAIN FACTS:

- Net profit up 20% to PLN 1.28 billion from PLN1.07 billion in 2Q 2012

- Sales up 4% to PLN7.31 billion from PLN7.03 billion in 2Q 2012

- EBITDA margin up to 32% in 2Q 2013

- Cost-cutting program brought PLN213 million in savings in 2Q

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