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BREAKING NEWS

OMV's adjusted operating profit rises 10 percent in second quarter

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OMV's adjusted operating profit rises 10 percent in second quarter

OMV's adjusted operating profit rises 10 percent in second quarter
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HEINZ-PETER BADER(Reuters)
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VIENNA (Reuters) - Austrian energy company OMV's <OMVV.VI> adjusted operating profit rose 10 percent year on year in the second quarter, it said on Thursday, helped by higher oil prices and increased production.

Clean current cost of supplies (CCS) earnings before interest and tax (EBIT), which excludes special items and inventory gains or losses, came in at 726 million euros (£645.5 million), above an average forecast of 680 million euros in a Reuters poll of analysts.

A larger poll posted on OMV's website, however, had a higher average forecast of 765 million euros.

(Reporting by Francois Murphy; Editing by Michael Shields)

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