Neste says earnings in Q1 hit by recession

摘要

London-Finnish refiner Neste Oil April 28 blamed the slump in oil demand caused by the global recession for a sharp fall in net earnings for the first quarter, and put a key investment project on hold until the situation improves.The company said net profit for the latest quarter fell to Eur61 million ($80 million), down 57% from Eur143 million in the same period of 2008, with the slowdown having a particular impact on diesel, one of Neste's