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DENMARK: STATOIL'S 1999 RESULTS

Article Abstract:

The Danish subsidiary of the Norwegian company Statoil reports a DKr 1,612mn (USD 213mn) operating loss for 1999. The reason behind the loss is depreciation totaling DKr 1,650mn of the refinery at Kalundborg owing to redundant capacity. The parent company Statoil Denmark has now made a DKr 661mn capital injection into the operating company Statoil A/S.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2000
Oil Products, Petroleum Refineries, Crude Petroleum & Natural Gas, Norway, Petroleum refining, Petroleum industry, Petroleum products, Gas industry, Statoil

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DENMARK: A.P.MOLLER'S FIRST HALF 2001 RESULTS

Article Abstract:

A.P.Moller, the Danish oil and shipping group, reports a pre-tax profit of DKr4.8bn (US$558mn) in the first half of 2001 vs. DKr4.1bn in the same period last year. Turnover climbed to DKr46.4bn in the first half of 2001 from DKr38.1bn in the same period last year. Profit after tax was DKr4.8bn vs. DK4.1bn last year. For the whole of 2001 A.P.Moller anticipates a profit that is somewhat higher than the DKr5.6bn reported in 2000.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
Retail Trade, Water Transportation, Ship Building and Repairing, Shipbuilding & Repair, Shipping industry

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Denmark: DONG's first half 2001 results

Article Abstract:

DONG, the Danish state-owned oil and natural gas company, posts a DKr1.4bn profit after tax for the first half of 2001 vs. DKr1.3bn in the same period last year. DONG ascribes the profit growth to higher oil prices and higher dollar rate. DONG does not expect this year's profit to reach DKr2.5bn reported last year. The reason for this is the higher purchase prices for natural gas this year compared with 2000.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
Natural Gas, Natural Gas Processing, Natural Gas Liquid Extraction, Natural gas liquids, Dansk Olie og Naturgas A/S

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Subjects list: Denmark, Natural gas, Petroleum
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