Repsol 1Q profits down 57.4 percent
Spanish oil company Repsol-YPF said Friday its net profits for the first quarter dropped by 57.4 percent because of lower world oil prices.
Repsol-YPF reported earnings of euro516 million ($689.53 million), compared with euro1.2 billion for the same period last year. The company said the drop was due to a sharp fall in oil prices and the severe world conomic slowdown.
Repsol-YPF profits for 2008 fell 15 percent to euro2.7 billion.
The company's shares were up 2.7 percent at euro15.43 ($20.62) in midday trading in Madrid.
[Source: Forbes, AP, Madrid, 08May09]
Informes sobre DESC
|This document has been published on 01dic09 by the Equipo Nizkor and Derechos Human Rights. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.|