The OMV result fizzled in the first half of the year

Austria’s largest industrial company, the listed OMV, is faced with a sharp drop in earnings: while the oil company still achieved an operating profit of EUR 1.9 billion in the first half of 2019, it fell by 92 percent in the first six months of 2020 to EUR 144 million. Sales fell by 31 percent to 7.9 billion euros.

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