The trading division helped the group in delivering decent results in spite of the heavy maintenance activities. The group remains nonetheless in crisis mode, as the destruction in demand in Italy is severe, especially in gasoline. The dividend payment (€0.04 per share) has been suspended as a consequence, and the business plan is under review.
15 May 2020
Q1: on hold before demand restarts
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Q1: on hold before demand restarts
SARAS S.p.A. - Raffinerie Sarde (S7A:FRA) | 0 0 0.4% | Mkt Cap: 1,544m
- Published:
15 May 2020 -
Author:
Kevin VO -
Pages:
3
The trading division helped the group in delivering decent results in spite of the heavy maintenance activities. The group remains nonetheless in crisis mode, as the destruction in demand in Italy is severe, especially in gasoline. The dividend payment (€0.04 per share) has been suspended as a consequence, and the business plan is under review.