April 26, 2019 / 6:16 AM / in 25 days

Finland's Neste Q1 profit slips below forecasts

HELSINKI, April 26 (Reuters) - Finnish biofuel producer and oil refiner Neste reported a bigger-than-expected fall in quarterly profits on Friday, as U.S. sanctions hurt crude oil supply at its Nynas refinery.

First-quarter core operating profit fell 6 percent to 378 million euros ($421 million) from 401 million a year earlier, the lower end of analysts’ forecasts, which ranged from 376 million to 429 million in a Reuters poll.

$1 = 0.8980 euros Reporting by Tarmo Virki; Editing by Kirsten Donovan

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