Polski Koncern Naftowy ORLEN Spolka Akcyjna reported consolidated and company earnings results for the quarter and year ended December 12, 2016. For the year, on consolidated basis, the company reported sales revenues of PLN 79,553 million against PLN 88,336 million a year ago. Profit from operations was PLN 7,532 million against PLN 4,340 million a year ago. EBITDA was PLN 9,642 million against PLN 6,235 million a year ago. EBIT was PLN 7,532 million against PLN 4,340 million a year ago. Profit before tax was PLN 6,887 million against PLN 3,698 million a year ago. Net profit attributable to equity owners of the parent was PLN 5,261 million or PLN 12.30 diluted earnings per share against PLN 2,837 million or PLN 6.63 diluted earnings per share a year ago. Net cash from operating activities was PLN 9,331 million against PLN 5,354 million a year ago. Acquisition of property, plant and equipment, intangible assets and perpetual usufruct of land were PLN 5,033 million against PLN 1,080 million a year ago. For the quarter, on consolidated basis, the company reported sales revenues of PLN 22,902 million against PLN 20,087 million a year ago. Profit from operations was PLN 2,789 million against loss from operations of PLN 189 million a year ago. Profit before tax was PLN 2,490 million against loss before tax of PLN 342 million a year ago. Net profit attributable to equity owners of the parent was PLN 1,789 million or PLN 4.18 diluted earnings per share against net loss attributable to equity owners of the parent of PLN 81 million or PLN 0.19 diluted earnings per share a year ago. Net cash from operating activities was PLN 2,543 million against PLN 1,563 million a year ago. Acquisition of property, plant and equipment, intangible assets and perpetual usufruct of land were PLN 1,080 million against PLN 1,229 million a year ago. LIFO EBITDA was PLN 2.813 billion. Adjusted LIFO EBITDA was PLN 2.457 billion. For the year, the company reported sales revenues of PLN 53,633 million against PLN 60,466 million a year ago. Profit from operations was PLN 3,869 million against PLN 1,769 million a year ago. Profit before tax was PLN 5,520 million against PLN 1,308 million a year ago. Net profit was PLN 4,815 million or PLN 11.26 diluted earnings per share against PLN 1,048 million or PLN 2.45 diluted earnings per share a year ago. Net cash from operating activities was PLN 5,434 million against PLN 948 million a year ago. Acquisition of property, plant and equipment, intangible assets and perpetual usufruct of land were PLN 2,483 million against PLN 1,847 million a year ago. For the quarter, the company reported sales revenues of PLN 16,309 million against PLN 13,229 million a year ago. Profit from operations was PLN 1,449 million against loss from operations of PLN 71 million a year ago. Profit before tax was PLN 1,864 million against loss before tax of PLN 403 million a year ago. Net profit was PLN 1,580 million or PLN 3.69 diluted earnings per share against net loss PLN 334 million or PLN 0.78 diluted earnings per share a year ago. Net cash from operating activities was PLN 1,623 million against PLN 1,210 million a year ago. Acquisition of property, plant and equipment, intangible assets and perpetual usufruct of land were PLN 515 million against PLN 677 million a year ago.