Slovnaft Announces Earnings Results for the Fourth Quarter and Full Year of 2014
Full-year, net loss stood at 71 million compared to 35 million profit in 2013. Extreme price decline was negatively reflected on revaluation of inventories in every refinery and traders and in the case of company resulted in a negative effect of 91 million. Revenues fell 15% to 4.01 billion compared to 2013. Overall capital expenditure for the year reaching 242 million.