Wednesday, August 27, 2008

Czech firm Unipetrol Q2 net profits in petrochemicals softens due to rising naphtha costs and rising currency v/s Euro

Czech Republic's Unipetrol Group reported a net profit of CZK 708 mln (US$42.4 mln) for the H1 of 2008 and CZK 302 mln (US$18.1 mln) for the Q2 of 2008. Like Q1, UNIPETROL again felt the pinch from faactors like high crude oil prices, very low petrochemical margins, and rising Czech currency in Q2.

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