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OMV's results boosted by Petrom.(Central/eastern Europe)(Brief Article)
Austria's OMV made record profits in the first quarter, boosted by the inclusion of consolidated earnings from Romanian firm Petrom, which it took over at the end of last year (FSUE, 17 December, p9), for the first time. OMV's earnings before income tax (Ebit) for the first quarter were 427mn [euro] ($534mn), of which Petrom contributed 136mn [euro]. Petrom's contribution is more than OMV's entire Ebit of 132mn [euro] in the first quarter of last year. Net profit was 256mn [euro], up from 70mn [euro] in the same period last year. "We are pleased with …
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