Romania's OMV Petrom 9-mo cons EBIT down 14%, to cut 2016 investment by 30%

Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Wednesday that its consolidated earnings before interest and taxes (EBIT) fell by 14% on the year to 1.13 billion lei ($278 million/251 million euro) in the first nine months, affected by the oil price drop, seenews.com reports OMV Petrom also said that it plans 30% lower investments for this year. The company's sales fell by an annual 14% to ...

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