OMV Aktiengesellschaft, Central Europe’s leading oil and gas group, generated the best results the Group ever had in its history in the year 2007. Group sales increased by 6% to EUR 20.04 bn, EBIT (earnings before interest and taxes) amounted to EUR 2.18 bn and increased by 6% compared to the same period 2006. The EBIT contribution of Petrom was EUR 581 mn. Net income after minorities increased by 14% to EUR 1.58 bn. Cash flow of operations rose by 2% to EUR 2.07 bn. The gearing ratio is 23.7%.
Via [Oilvoice]
