May 16, 2018 / 5:09 AM / in 8 days

Poland's PZU Q1 profit falls 32 pct, but tops estimate

WARSAW, May 16 (Reuters) - PZU SA, Poland’s biggest insurer, said on Wednesday its first-quarter net profit fell by 32 percent to 640 million zloty ($176.19 million) as weak performance by the Warsaw bourse dented its investments.

However, net profit was 4 percent higher than the average analyst estimate of 613 million zloty. ($1 = 3.6325 zlotys) (Reporting by Marcin Goclowski; Editing by Subhranshu Sahu)

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