Investing.com -- Shares of PGE, the largest utility company in Poland, experienced a surge of 9.4% following the announcement of strong preliminary results for the first quarter.

The company anticipates a net profit of 2.42 billion zlotys ($638.94 million) for the first quarter.

Additionally, PGE predicts an EBITDA (earnings before interest, taxes, depreciation, and amortization) of 4.31 billion zlotys.

The solid financial performance has resulted in a positive reaction in the stock market, reflected in the significant rise in the company’s share price.

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