Europa earns $4.8 million
< Europa Oil NZ, Ltd ;n--creased unaudited group net profit 9 per sent to S4.BM in the year to December 31. Interest on the listed con-, vertible notes is covered 1 J 11.5 times.by the profit. ! In - the half-yearly state-; ment, when a profit of 153.1 M was announced, the company predicted that the [results for the second half, .'of the year would not con-' ..tinue at that rate. . “In the latter part of 19<9, : recovery of increased crude and product costs from the . market proved to be much [slower. 11 “In addition, the company experienced reduced sales volume arising largely from i th.' effects of the demand re- [ straint measures,” the' directors say. ’
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Press, 8 May 1980, Page 25
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117Europa earns $4.8 million Press, 8 May 1980, Page 25
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