• Most Popular
  • Most Shared

DONG Energy profits drop, 2009 outlook steady

Tue Nov 17, 2009 2:20am EST

COPENHAGEN, Nov 17 (Reuters) - Danish state oil and gas group DONG Energy [DONG.UL] reported a 38 percent drop in core profits for the first nine months of the year on Tuesday and said its outlook for the full year 2009 remains unchanged.

Energy

Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 6.83 billion Danish crowns ($1.37 billion) in January-September from 10.99 billion in the same period last year.

"The EBITDA outlook for 2009 remains unchanged and EBITDA is still expected to be significantly down on 2008," Dong Energy said in a statement.

Energy


More from Reuters

Photo

Obama will not rush Afghan troop drawdown

OSLO (Reuters) - There will be no "precipitous drawdown" of U.S. forces in Afghanistan and U.S. troops could still be in the country for years to come, President Barack Obama said on Thursday.

» More Top News
A security personnel stands guard near oil pipelines at Tawke oil field near Dahuk, 400 km (245 miles) north of Baghdad May 9, 2009. REUTERS/Azad Lashkari

Now or never for Big Oil

The pressure's on for oil giants looking to secure rare access to cheap Middle East reserves as Iraq gears up to auction off some of the world's largest untapped oilfields.  Full Article 

Energy
A glass of tap water is served at a restaurant in New York June 10, 2009 REUTERS/Shannon Stapleton

G7 glass half empty

Recovering from a punishing global recession has forced the world's richest nations to pay dearly, prompting subdued growth prospects and delayed sighs of relief.   Full Article 

Global markets