Romania's OMV Petrom Q2 net profit falls, below forecast

Tue Aug 12, 2014 5:40am GMT

BUCHAREST Aug 12 (Reuters) - Romania's top oil and gas company OMV Petrom, controlled by Austria's OMV posted a second-quarter net profit of 311 million lei ($94 million), down 70 percent on the year, in said on Tuesday, sharply below forecast.

Petrom was seen posting a 40 percent fall in its second-quarter net profit to 638.8 million lei partly due to a new tax on property, according to a Reuters poll of four banks and brokerages.

It recorded a net profit of 1.06 billion lei in the same period of 2013. ($1 = 3.3200 Romanian lei) (Reporting by Radu Marinas)

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