Grupa Azoty slides as preliminary Q3 results disappoint
** Shares in Polish fertilizer and plastic manufacturer Grupa Azoty ATTP.WA fall as much as 5.8% after it reported soft preliminary results for Q3 on Friday
** Grupa Azoty expects to post a net loss of 226 million zlotys ($56.2 million), an EBITDA loss of 120 million and sales revenue of 3.09 billion zlotys for Q3
** "Q3'24 results are slightly weaker than we had anticipated in our forecasts," analyst Jakub Szkopek from Erste Group says
** "The results are all the more disappointing given that on Friday, Yara Group improved its Q3'24 results significantly more than the market expected," Szkopek adds
** Norwegian fertilizer maker Yara YAR.OL on Friday reported a bigger-than-expected 47% jump in Q3 core profit
** As of 1010 GMT, the shares are down 3.8%, underperforming Poland's mid-cap index mWIG40 .mWIG40
($1 = 4.0216 zlotys)
Reporting by Julia Kotowska and Rafal W. Nowak
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