OMV sees Q2 net income drop 80% to $224 million

摘要

London-Austria's OMV August 5 posted net income of Eur156 million ($224 million) for the second quarter of 2009, a fall of 80% compared with the same period last year, due to the year-on-year drop in crude prices and refining margins.Sales were also considerably down, by 41% at Eur4.113 billion, the company said.OMV CEO Wolfgang Ruttenstorfer said that despite the relatively poor results, the company remains in good shape financially, especially after the sale of its 21% stake in Hungary's MOL.