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Austria's OMV has earned to 7.5 times more than a year ago in the first quarter
 Austrian oil and gas group OMV in the first quarter of 2017 increased net profit compared with the year-ago result of 7.49 times. According to the report, the company profit attributable to shareholders in January — March amounted to 712 million euros. 18.May.17 1:36 PM By Christina Orlina Photo Toinnov.com |
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During the same period, 2016, the Corporation earned a net less than 100 million euros. Revenue of the Austrian concern during the reporting period has increased by 38% to 5,518 billion euros. However, capital expenditure decreased by 35% to 302 million euros. Managed the company to increase hydrocarbon production, the annual ratio — from 7%. "OMV has made a good start in 2017 with good operating and financial performance — said on this occasion, the head of OMV Rainer Seele. We reached the quarterly ten-year maximum for the extraction — 335 thousand barrels of oil equivalent per day and reduced production costs to less than $ 9 per barrel''. | |
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