Market Impact: Neutral. While non-GAAP cash flow of ~$0.14/share was well below forecasts due to very low refinery throughput, positive working capital changes and lower than expected capex resulted in a balance sheet at quarter end that looks slightly better than expected.
29 Jul 2016
2Q16 RESULTS
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2Q16 RESULTS
Imperial Oil Limited (IMO:TSE) | 0 0 (-1.4%) | Mkt Cap: 28,420m
- Published:
29 Jul 2016 -
Author:
Michael P. Dunn -
Pages:
4
Market Impact: Neutral. While non-GAAP cash flow of ~$0.14/share was well below forecasts due to very low refinery throughput, positive working capital changes and lower than expected capex resulted in a balance sheet at quarter end that looks slightly better than expected.