(Reuters) - Czech downstream oil group
Unipetrol expects to post a small first-quarter operating loss as a fall in
margins year-on-year outweighed the positive impact of currency moves and
operations with CO2 allowances, it said on Thursday.
The company, majority owned by Poland's PKN Orlen, said it did not book any
one-off charges or gains in the first three months of the year.
It said operations with CO2 allowances helped to raise operating profit by
roughly 155 million crowns in the first quarter while exchange rate changes
provided a 156-million-crown boost.
Unipetrol reported an operating loss of 5.94 billion crowns in the fourth
quarter of 2011 due to impairment charges.