Petroplus stock plummets as it posts first-half loss

摘要

Dutch refiner Petroplus Aug 22 saw its shares plummet to an all-time low after reporting a net loss of Eur42.4-mil (us46.1-mil) for the first half of 2003, kdown from a loss of Eur16.6-mil for the same period of 2002. The company sought to mitigate the results by announcing a number of non-core asset sales and plans to reduce its exposure to volatile refining margins, but investors on the Amsterdam Stock Exchange sold Petroplus shares heavily.