Unipetrol expects Q3 operating profit

PRAGUE Fri Oct 19, 2012 2:01am EDT

Related Topics

PRAGUE Oct 19 (Reuters) - Czech downstream oil group Unipetrol said it expected an operating profit of a couple of hundred million crowns for the third quarter, after a second-quarter loss.

Unipetrol, majority owned by Polish group PKN Orlen , booked a one-off positive EBIT impact of around 200 million crowns ($11 million)in the period.

Foreign exchange developments had a positive impact of about 130 million crowns, offset by losses on other financial instruments, the company said on Friday.

The results were also helped by higher prices for crude oil and refining and petrochemical products.

Unipetrol reported an operating loss of 437 million crowns in the second quarter due to inventory revaluation losses. ($1 = 18.94 Czech crowns) (Reporting by Jana Mlcochova; Editing by Dan Lalor) (jana.mlcochova@thomsonreuters.com; +420 224 190 479; Reuters Messaging: jana.mlcochova.reuters.com@reuters.net)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article