YPF swings into full-year loss

摘要

Argentina's state-controlled YPF registered heavy losses last year amid lower output and falling oil and gas prices. Losses totalled 33.4bn pesos ($557mn), compared with a proft of Ps38.6bn the previous year. While overall revenues were up by 56pc to Ps678.6bn last year, costs soared by 60pc to Ps575.6bn. The frm was also forced to take a one-of impairment charge of Ps41.4bn. Losses for the fourth quarter were Ps10.4bn, compared with a proft of Ps17.9bn a year earlier.