Reuters: Romania's OMV Petrom net profit falls 68 pct y/y
Thursday, May 21, 2015
Romanian oil and gas company OMV Petrom, controlled by Austria's OMV, recorded a 349 million lei ($89.77 million) net profit in the first quarter, about 68 percent down on the year, due to dwindling international crude prices. A Reuters poll of five banks and brokerages estimated a Petrom would record a 60 percent fall in its January-March net profit due to weak upstream ...