OMV’s Performance Still Impacted by Libyan Production Shortfalls
The Austrian oil and gas company reported strong results for the first nine months of the year. Group EBIT was up by 11% year-on-year.
OMV’s Performance Still Impacted by Libyan Production Shortfalls / Picture: © Vindobona.org
OMV on Wednesday reported results for the period from January to September 2011. Results benefited from the average Brent price in USD being 45% higher than in 9m/10 while, at the same time, significant special charges were recognized in 9m/10. The Group’s EBIT of € 1,937m was 11% above the level of 9m/10. The EBIT contribution of Petrom amounted to € 893m, a 86% increase. The net…
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