Provisions to halve Petrom profit in Q3

The profit of the National Oil Company Petrom, a Romanian company in the portfolio of Austrian oil group OMV, could suffer an important correction, in Q3, coming to stand under 100 million euros, after it registered a provision worth some 160 million euros, because refinery Arpechim was re-assessed downwards.Estimates of senior analysts, questioned by the Business Standard daily, who are interested in the local bourse, indicate an average profit in Q3, for Petrom, the biggest company listed ...

Developed by Codecraftsman