Unipetrol says cheaper oil, FX could help profit
The performance of Czech oil processing group Unipetrol could improve in the rest of 2008 on the back of lower oil prices and stabilization of foreign exchange rates.
Unipetrol, which reported an 80% drop in second-quarter net profit, did not alter its original forecast of full-year 4.8 billion crown ($302.2 million) operating profit, which the company had earlier said was “optimistic.” (Reuters)
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