OMV Petrom reports 21% y/y lower net profit in H1 on weak results in all segments
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and…
iulian ernst · Journalist
· Updated · 2 min read
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to the company's H1 preliminary financial reports.
The shares of the company, which has a RON 48.7 billion capitalization, edged up by 0.64% on the day after the release, while maintaining a negative (-1%) annual dynamics.
