Poland's PKN says expects higher downstream margins in 2017

WARSAW (Reuters) — Poland’s biggest oil refiner PKN Orlen expects its downstream margin to rise this year from $11.70/bbl in 2016, the company’s official said on Thursday.

“It seems that the downstream margin will be on a higher level than last year,” Rafal Warpechowski, a director at PKN Orlen, told a news conference.

He also said that on the whole the macroeconomic environment for PKN this year would improve.

PKN on Thursday booked a third-quarter net profit of 1.6 B zlotys, missing analysts’ expectations.

Reporting by Agnieszka Barteczko; editing by Jason Neely

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