Norway's Statoil Thursday reported first-quarter output of 1.998 million b/d of oil equivalent, down 9% year-on-year, which, coupled with lower prices, cut net profit by more than half. However, CEO Helge Lund said in the results ...
Tags: Statoil, CFO Torgrim Reitan
Indonesia's state-owned gas transmission and distribution company Perusahaan Gas Negara said late Wednesday that its first-quarter gas sales volume in the domestic market increased by 5.8% year on year to 833,000 Mcf/d. "The increasing of ...
The profitability of turning corn crops into ethanol in Europe surged to seven-month highs this week following a jump in the spot price of the biofuel, according to data compiled by Platts. The corn-to-ethanol crush margin, an indication ...
Tags: Crush Margin, Chemicals
France-based pipe manufacturer Vallourec has announced its financial results for the first quarter of 2013. According to Vallourec's report, in the first quarter this year the company registered a net profit of €35 million, ...
Tags: Vallourec, Improved Net Profit
Altos Hornos de Mexico and subsidiaries (AHMSA) reported Thursday an EBITDA of 558 million pesos (US$46 million) at the end of Q1 2013. During the period, AHMSA sold 860,266 tons of steel products, with revenues of 9.003 billion pesos ...
Tags: Altos Hornos, Mineral
In the first quarter of the current year, China's auto industry saw increased operating revenues and profits, as reported by China Securities Journal on May 3. In the first quarter this year, the total operating revenue of listed ...
Tags: Auto Industry, Mineral
The sharemarket has closed 0.7 per cent lower, with concerns about global economic growth pulling down resources stocks. The benchmark S&P/ASX200 index was down 36.2 points, or 0.7 per cent, at 5130.0 points. The broader All Ordinaries ...
Tags: Resources Stocks, economy
Shares were punished yesterday as investors worried about resources stocks being hit by global economic concerns, and the dollar was also sharply lower on the increased likelihood of an imminent cut in the official cash rate. The ...
Tags: Aussie Dollar, economy
Egypt's largest steelmaker Ezz Steel has announced its financial results for 2012, reporting a net profit of EGP 8 million ($1.15 million), compared to a net profit of EGP 202 million in the previous year. The company's sales revenues ...
Oman-based steelmaker Al Jazeera Steel Products Company has announced that its board of directors has approved a proposal to increase rebar production by upgrading the existing merchant bar mill. This upgrade will allow an additional annual ...
Tags: Al Jazeera, Steel
Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co, a subsidiary of Wuhan Iron and Steel (Group) Corp (WISCO) has announced a net profit of RMB 238 million ($38 million) for the first quarter this year, increasing by 4.53 times ...
Qatar National Cement Co (QNCC) has said its net profit in the first three months of this year rose slightly to QR118.64m from QR117.9m a year ago, Gulf Times has reported. Sales rose 1% to QR267.34m, while cost of sales surged 4% to ...
Tags: National Cement, Cement
Oman Cement Co. has reported a 34.9% increase in net profits to $17.9m (OMR 6.9m) for the first quarter of 2013. Improved sales volumes saw the cement producer s net profit increase from $13.2m (OMR 5.1m) during the same period in 2012. ...
Tags: Oman Cement, Cement
Dutch consumer goods company Unilever has announced a voluntary open offer to increase its stake in its Indian subsidiary Hindustan Unilever (HUL) from 52.48% to up to 75%. Under the terms of the deal, Unilever agreed to pay INR600 ...
Tags: Unilever, Hindustan Unilever
It’s reported that Indian miner Sesa Goa launched its financial result for the fourth quarter and the fiscal year 2012/13 ended on March 31st. Sesa Goa posted a net profit of INR2.98 billion for the fourth quarter of this year, ...
Tags: Sesa Goa, Net Profits