OMV Q4 net income increases
4 March 2013, Oil, Gas
Sales revenues for the fourth quarter ended December 31, 2012 were E11.39 billion, compared to E9.35 billion for the fourth quarter ended December 31, 2011.
Net income attributable to stockholders of the parent for the year ended December 31, 2012 was E1.36 billion, or E4.17 per diluted share, compared to E1.08 billion, or E3.42 per diluted share, for the year ended December 31, 2011.
Sales revenues for the year ended December 31, 2012 were E42.65 billion, compared to E34.05 billion for the year ended December 31, 2011.
Gerhard Roiss, CEO of OMV, said: "In 2012, we managed to deliver a record financial performance while successfully progressing our strategy. We benefited from the return of production in Libya and from a stabilized, on-target production in Romania and Austria. The E&P project pipeline was significantly strengthened and the major deep water gas discovery in the Romanian Black Sea, as well as the acquisitions in Norway, have all laid the ground for further growth.
"The downstream divestment program and our performance improvement program 'energize OMV' are well on track and have already delivered significant milestones. We have set ourselves ambitious targets but I am convinced that we are fit for the future and we will continue to deliver on our commitment to profitable growth."
Source: MarketLine
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