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Poland's PZU Q2 profit surges, but below forecasts
August 31, 2017 / 5:13 AM / a month ago

Poland's PZU Q2 profit surges, but below forecasts

WARSAW, Aug 31 (Reuters) - PZU SA said on Thursday net profit rose 201 percent year on year in the second quarter as it started to consolidate recently-bought Bank Pekao SA , the second largest Polish lender.

Central and eastern Europe’s biggest insurer said its net profit rose to 506 million zlotys ($141.31 million). Analysts had expected a net profit of 535 million zlotys.

Gross written premiums at the state-run company rose to 5.838 billion zlotys from 5.061 billion zlotys a year earlier. Analysts had expected 5.77 billion zlotys. ($1 = 3.5809 zlotys) (Reporting by Marcin Goclowski; Editing by Biju Dwarakanath)

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