Cepsa's Q3 net hit by lower refining margins

摘要

London-Spain's Cepsa reported November 10 third-quarter net profit of Eur181 million (233 million), down 31% from Eur261 million in the same period of 2005 on the back of a fall in refining margins. Pre-tax profit from the company's core refining and oil distribution business fell to Eur148 million from Eur231 million a year earlier.