OMV Experienced 21 Percent Drop in EBIT

OMV AG (ADR) (OTCMKTS:OMVKY) (ETR:OMV) (FRA:OMV) has just revealed its financial statements for 3Q2013 and has realized a clean CCS EBIT of EUR 619 million, down 21% on a YoY basis. The Austrian firm also realized a clean CCS net income of EUR 263 million, 17% down YoY.

OMV's EBIT dragged down

EBIT was dragged down by decline in incomes of all three business segments. The EBIT of the exploration and production segment . . .


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