PKN Orlen announced selected preliminary operating and financial data for the period from April 1st , 2006 to May 31st, 2006. As expected, the revealed data shows significant improvement if compared to the year before. Refinery utilization ratio was 100%, so company was able to fully utilize the high refining margins in April and May, which points ot a much stronger results than in 1Q06. The company also gave preliminary results on operational profit of PKN Orlen Deutschland. Though the EBIT line shows almost 80% growth y/y we do not think it would largely impact the bottom line.