Neste Oil Sees Challenging 2010, Reports Small 4Q Net Loss
04 Fevereiro 2010 - 6:00AM
Dow Jones News
Neste Oil Oyj (NTOIY) Thursday said refining markets are likely
to remain challenging in 2010 and it expects margins to increase
only gradually as it reported a below-forecast net loss for the
fourth quarter of 2009.
The Finnish oil refining company said the slow recovery of
demand, new capacity due to come onstream in 2010 and high
petroleum product inventories will weigh on a recovery in refining
margins.
"It is likely that refinery utilization rates will be limited
globally and that more capacity will be closed either temporarily
or for good," Neste Oil said.
The company booked a net loss of EUR1 million, an improvement on
the EUR290 million loss of the same period of 2008, but below a Dow
Jones Newswires poll of six analysts which pointed to a profit of
EUR31.03 million.
Revenue was at EUR2.49 billion compared with EUR2.81 billion a
year ago, and the loss per share for the period was EUR0.01 from a
loss of EUR1.14 a share in the fourth quarter of 2008.
The company proposed a dividend of EUR0.25 a share for 2009.
Neste Oil closed at EUR11.65 Wednesday, off the previous
12-month peak of EUR13.22 reached in October following news of
layoffs. The shares had made a steady recovery from July up to that
point, but fell again after the October high as depressed refining
markets continued to weigh on a more sustained recovery.
Company Web site: www.nesteoil.com
-By Elizabeth Adams, Dow Jones Newswires; +44 (0) 20 7842 9386;
elizabeth.adams@dowjones.com
Neste OYJ (PK) (USOTC:NTOIY)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Neste OYJ (PK) (USOTC:NTOIY)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024
Notícias em tempo-real sobre Neste OYJ (PK) da OTCMarkets bolsa de valores: 0 artigos recentes
Mais Notícias de Neste Oil Oyj ADS