Romanian OMV Petrom Swings To 3Q Loss

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it switched to a net loss of 116 million lei (EUR1=RON4.2862) in the third quarter, hurt by asset impairment at its Kazakh unit.In the third quarter of 2009, Petrom posted a net profit after minorities of RON642 million. Petrom, the Romanian arm of Austria's OMV (OMV.VI), said third-quarter earnings before interest and tax, or EBIT, fell 62% on the year to RON336 million."The 3Q profit was negatively impacted by asset ...

Developed by Codecraftsman