Higher trimester profit for Shell
Spent: 23 October 2003 13.06 last modified: 23
October 2003 13.23 THE HAGUE - royal/Shell group over the third
trimester a nettowinst has gained dollar on the basis of estimated
current costs of 2.6 billion. That is an increase of 16 per cent
with respect to the previous year. That the oil society has
announced Thursday. This result disappointed analysts.
They counted on a profit of 3.01 up to 3.5 billion dollar.
Also the turnover showed a clear increase.
Brits-Nederlandse the venture saw its sales 12 per cent
increasing up to 66.13 billion dollar. The result of
Nederlands-Britse the concern with 53 per cent to 9.8 billion dollar,
adapted concerning the first nine months lane. Shell present
always adapted figures that better to be able compare with previous
year. The nettowinst that gives the concern according to the
accountant principles came from on 2.7 billion dollar. That was
virtually right to previous year. For Shell zat the windfall in
the higher oil prices. The price of a barrel harsh oil lay in
the third trimester higher than a year earlier. That came
according to the concern by a limited convalescence of the Iraqi
olie-export and production restrictions by the opec. Furthermore
were summer in the United States talk of lower oil - and petrol
stocks, exactly in a period, last there, that holiday makers
frequently take the car. The oil windfalls ensured 22 percents
higher profit at the divisie development and production.
Refining forks better resulted at the divisie oil products in a
profit of 880 millions dollar, 67 per cent more than a year ago.
At the divisie gas and electricity contended Shell with
tegenwind. This company component, the aimed at profit engine
for the coming years, booked lower profit with 65 millions dollar 49
percents. The olieconcern had 239 millions afwaarderen on
InterGen, a common venture of Shell and the American Bechtel, and on
Bolivian activities. Also chemistry contends with tegenwind.
The divisie suffers from smaller forks, sell higher costs and
inferior. The profit came as a result, no less than 93 per cent
lower from on 12 millions dollar. (c) DUTCH PRESS AGENCY
Source "higher trimester profit for Shell": nu.nl
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