OMV posts fourth quarter loss

February 25 2009 16:59:36

OMV posts fourth quarter loss

Bloomberg

The net loss was 208 million euros ($266.6 million), or 70 cents a share, compared with a profit of 318 million euros, or 1.07 euros, a year earlier, Vienna-based OMV said yesterday in statement. OMV in November cut its 2010 production output target because of lower-than expected volumes in some regions.

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