BREAKING NEWS

BREAKING NEWS

Austrian energy group OMV's third quarter core profit nearly jumps by a third

Now Reading :

Austrian energy group OMV's third quarter core profit nearly jumps by a third

Austrian energy group OMV's third quarter core profit nearly jumps by a third
@ Copyright :
Heinz-Peter Bader(Reuters)
Text size Aa Aa

VIENNA (Reuters) - Austrian oil and gas group OMV <OMVV.VI> posted a 31 percent rise in its third-quarter adjusted operating profit, helped by a production start-up in Abu Dhabi and higher oil prices.

Clean current cost of supplies (CCS) earnings before interest and tax (EBIT), which excludes special items and inventory gains or losses, came in at 1.05 billion euros(936.90 million pounds), above an average forecast of 929 million euros in a Reuters poll of analysts.

($1 = 0.8819 euros)

(Reporting by Kirsti Knolle; Editing by Sunil Nair)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.