Polish JSW beats forecasts with 2017 profit, but suspends dividend

Analysts polled by Reuters had expected state-run JSW to report a net profit of 2.41 billion zlotys for 2017 and 620 million zlotys for the fourth quarter, which according to a Reuters calculation, stood at 748 million zlotys.Despite earlier management board suggestions, JSW said it planned to suspend its dividend and will not pay one from last year's profit as it needed to rebuild its supplementary capital which has shrunk in recent years.JSW had said its policy was to spend at least 30 percent