While the write-down of Nynas (JV with Petróleos de Venezuela) is hurting the bottom line, the strong operational performance in Renewables and recovering (oil) refining margins helped Neste in reaching its highest comparable quarterly operating profit. The commercial expansion continues in renewables, with management seeing additional demand stemming from tighter environmental mandates in Europe and North America.
24 Oct 2019
Q3: operating result lifted by refining margins recovering
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Q3: operating result lifted by refining margins recovering
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
24 Oct 2019 -
Author:
Kevin VO -
Pages:
3
While the write-down of Nynas (JV with Petróleos de Venezuela) is hurting the bottom line, the strong operational performance in Renewables and recovering (oil) refining margins helped Neste in reaching its highest comparable quarterly operating profit. The commercial expansion continues in renewables, with management seeing additional demand stemming from tighter environmental mandates in Europe and North America.