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21.03.2012 PGNiG SA awarded by the Parkiet daily
On March 20th 2012, GrażynaPiotrowska-Oliwa, President of Polskie Górnictwo Naftowe i Gazownictwo SA, collected the Bulls and Bears statuette for the WIG20 blue-chip stock which was the best investment in 2011.
Grażyna Piotrowska-Oliwa, President of PGNiG SA among laureates
Over that year, PGNiG SA shares achieved a rate of return of 14.3%, and taking into account the dividend payment (of PLN 0.12 per share) - 17.65%. Given the 21.8% loss posted by the WIG20 index in 2011, this was the highest performance possible for any stock included in the index.
The high rate of return on PGNiG SA stock in 2011 was attributable to:
- intensified exploration for shale gas, accompanied by a growth in sales of geophysical/geological, drilling and maintenance services;
- strong increase in revenue from crude sales;
- acquisition of Vattenfall Heat Poland, which currently operates as PGNiGTermika.
The Bulls and Bears award is granted by the Parkiet daily to the most successful companies, managers and capital market participants.
Press Team of PGNiG SA
