Grupa Azoty Swings to Q3 Core Loss as Gas Prices Rise
Grupa Azoty said its third-quarter core result turned to a 25 million zloty loss from a 391 million zloty profit a year earlier, as higher natural gas prices squeezed margins.
Polish chemical and fertiliser producer Grupa Azoty GPW:ATT said on Thursday its third-quarter core result turned to a loss 25 million zlotys ($6.4 million) from a profit of 391 million zlotys a year ago, as higher natural gas prices squeezed margins.The company said in a preliminary earnings state…