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Neste Oil Oyj Adopts Revised IAS 19 Employee Benefits Standard


Thursday, 18 Apr 2013 05:01am EDT 

Neste Oil Oyj announced that it has adopted the revised IAS 19 Employee Benefits standard. As a result, the Group's operating profit and comparable operating profit for 2012 have increased by EUR 3 million, as the net interest cost related to employee benefits are now reported under financial items. The impact on the Group's net profit for 2012 is not material. The Group's financial reporting will reflect this change from the Interim Report for period from January 1, 2013 to March 31, 2013 onwards. 

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