Nestle Oil Oyj (NTOIF.PK) Thursday released the Interim report for the three months ended 31 March 2012, stating that IFRS operating profit for the first quarter of 2012 increased to 188 million Euros from 171 million Euros reported for the corresponding period last year.
The company revealed that comparable operating profit for the three-month period improved to 76 million Euros from 43 million Euros reported for the first quarter of 2011.
The company attributed improved performance at renewable Fuels and supportive margins in the gasoline market as reasons for improved performance.
President & CEO Matti Lievonen said : "The strong gasoline market supported refining margins during the first quarter. Crude oil price increased, and the price differential between lighter and heavier crude oil was volatile, and widened towards the end of the quarter. As our refineries at Porvoo and Naantali operated smoothly, we were able to record a good result at Oil Products…."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.