Petrom Announces Highest Profit Ever. Austrian Owners Win, Local Economy Loses

11.10.2011 By Andrei Chirileasa

Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, through higher taxes and dividends. Fondul Proprietatea (FP.RO) and the investors on the stock market, theoretically stand to gain, as well.

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Keywords:: PETROM; , OMV; , RESULTS; , PROFIT; , FUEL PRICE

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