27 April 2012 08:33 [Source: ICIS news]
SINGAPORE (ICIS)--French oil and gas major Total said on Friday its refining and chemicals business posted a 77% year-on-year decrease in its adjusted net operating income to €61m ($80.3m) amid a weak marco-economic environment.
“The decrease is mainly due to the strong deterioration of the environment for petrochemicals in ?xml:namespace>
The company reported adjusted revenues from sales for the quarter in 2012 at €34.1bn, compared with €30.6bn in the fourth quarter of 2011, it said.
“In the refining and chemicals segment, the start of the second quarter 2012 has been marked by a rebound in refining margins in
Total’s adjusted net profit for the quarter fell by 1% year on year to €3.07bn, while the company's sales grew by 11% year on year to €51.2bn, the company added.
($1 = €0.76)
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