KOGENERACJA S.A. announced unaudited consolidated and company earnings results for six ended June 30, 2014. For the quarter, on consolidated basis, revenue from sales was PLN 463,073,000 against PLN 486,236,000 a year ago. Operating profit was PLN 58,146,000 against PLN 150,731,000 a year ago. Profit before tax was PLN 54,879,000 against PLN 144,813,000 a year ago. Net profit for continuing operations was PLN 44,521,000 or PLN 2.96 per basic and diluted share against PLN 117,491,000 or PLN 7.80 per basic and diluted share a year ago. Net profit for the period attributable to ordinary shareholders was PLN 55,088,000 or PLN 3.70 per basic and diluted share against PLN 115,442,000 or PLN 7.75 per basic and diluted share a year ago a year ago. Net cash flow from operating activities was PLN 157,077,000 against PLN 269,106,000 a year ago. Purchases of intangible assets and property, plant and equipment was PLN 97,433,000 against PLN 55,545,000 a year ago.

For the quarter, on company basis revenue from sales was PLN 291,468,000 against PLN 315,886,000 a year ago. Operating profit was PLN 26,418,000 against PLN 50,853,000 a year ago. Profit before tax was PLN 201,656,000 against PLN 108,393,000 a year ago. Profit for the period was PLN 197,052,000 against PLN 98,808,000 a year ago. Basic and diluted earnings per share were PLN 13.22 against PLN 6.63 a year ago. Net cash flow from operating activities was PLN 138,175,000 against PLN 221,066,000 a year ago.