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Provider: Reuters Investment Profile

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Neste Oil Corp Raises FY 2013 Comparable Operating Profit Guidance

Tuesday, 10 Sep 2013 02:00am EDT 

Neste Oil Corp announced that the Company has upgraded its fiscal year 2013 financial guidance. The Company now expects its fiscal year 2013 comparable operating profit to improve significantly compared to the fiscal year 2012 and estimates it to be higher than EUR 530 million. The Company's guidance is based on the assumption that Neste Oil's reference refining margin remains at the average level of approximately USD 5/bbl typical of the last few years and that Renewable Fuels' result develops as expected. Previously Neste Oil expected the Company's full-year 2013 comparable operating profit to improve clearly compared to 2012, when comparable operating profit was EUR 355 million. 

Company Quote

-0.47 -1.91%
27 Mar 2015