(EnergyAsia, October 27) — Singapore Petroleum Company said a sharp drop in refining margins caused its third quarter net profit to plunge 78.3% to S$23.2 million from year ago levels. (US$1=S$1.57). Third quarter revenue was little changed at S$2.242 billion (US$1=S$1.57). For the nine months of the year, SPC’s net profit was down 19.4%…
SINGAPORE: SPC reports 78.3% drop in net profits on weak margins
Posted on October 27, 2006 by EnergyAsia