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SNP — OMV Petrom SA News Story

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Romania's OMV Petrom Q4 operating profit jumps 41% on stronger refining, gas and power

Feb 4 (Reuters) - Romanian oil and gas group OMV Petrom ROSNP.BX reported on Wednesday a 41% jump year-on-year in its fourth-quarter adjusted operating profit, driven by stronger refining margins, higher gas and power margins and increased gas sales volumes.

The Bucharest-listed group posted an operating profit adjusted for clean current cost of supply, of 1.35 billion lei  ($313.60 million), compared with 955 million lei a year earlier.

The clean operating result, which is based on the current cost of supply, excludes one-off items and short-term gains and losses from energy inventory holdings.

($1 = 4.3049 lei)

 (Reporting by Antonis Pothitos; Editing by Shri Navaratnam)

 ((antonis.pothitos@thomsonreuters.com; +48 58 769 65 78;))

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