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OMV Petrom falls into red in Q3 on low oil and gas prices

OMV Petrom (SNP), the largest energy company in Romania, recorded a net loss of RON 41 million (EUR 8.5 mln) in the third quarter (Q3) of 2020 as the sales declined by one-quarter year-on-year, according to the quarterly results released on October 28.   In Q2, the group's net profit had narrowed four-fold to RON 214 mln (EUR 44 mln) yet remaining in the positive area, as its sales compressed by one ...

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