Warsaw Stock Exchange companies hit with total profits of PLN 12.9bn in the fourth quarter of 2011. That was up from PLN 3.7 billion in Q4 of 2010. The results, however, are thought to have been distorted by huge transactions made by giants like Polkomtel, KGHM, PGE and PKN Orlen, who sold over PLN 6bn in shares. The operational profits, however, weren’t nearly as dynamic, with only three sectors healthily in the black: metallurgy (PLN 3.75bn), banking (PLN 3bn) and the energy sector, where the operational profit hit PLN 2.3bn.
