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Argentina's YPF reports lower third-quarter net profit
November 7, 2012 / 10:46 AM / 5 years ago

Argentina's YPF reports lower third-quarter net profit

BUENOS AIRES, Nov 7 (Reuters) - Argentina’s state-controlled energy company YPF reported on Wednesday a third-quarter net profit of 756 million pesos, down 51 percent from the same period of 2011 and trailing market expectations.

Four analysts polled by Reuters had forecast YPF’s third-quarter net profit at a median of 902.5 million pesos, with estimates ranging from 877.7 million to 932 million pesos.

In a filing to the stock market regulator, YPF said the quarterly net income result reflected a deferred tax payment valued at 408 million pesos.

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