PGE shares jump 10% on 'clearly strong' Q1 results

About this update from Pt Pertamina Geothermal Energy Tbk

** Shares of Poland's biggest utility PGE GPW:PGE rise around 10% after it reported strong preliminary Q1 results** PGE expects to post a Q1 net profit of 2.42 billion zlotys ($638.94 million) and EBITDA of 4.31 billion zlotys** Erste Securities analyst Petr Bartek says the numbers are "clearly strong", resulting from much lower hedged CO2 prices y/y, colder weather and low generation from renewable energy sources** Bartek adds revenue from capacity and ancillary payments also exceeded expectations($1 = 3.7875 zlotys)

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