Brief: Petro Welt Technologies 9-month net result up 22.6 pct at EUR 28 mln

Petro Welt Technologies AG

25/11/2016 06:46

Nov 25 (Reuters) - Petro Welt Technologies AG  O2C.DE : 
    * 9-month consolidated net result raised by 22.6 pct to 28.0 
million euros ($29.61 million) 
    * Positive financial performance in Q1-Q3 creates solid 
basis for reliable profits generation in full 2016 
    * In first nine months of 2016 revenues in russian roubles 
increased by 3.2 pct compared to same period of previous year, 
revenues in euro decreased by 10.4 pct 
    * Anticipates sales revenue to reach approx. 295 - 300 
million euros in 2016, and management hopes to maintain improved 
EBIT margin at range of 13 - 15 pct 
    * Acquired Kazakh operations contribute to revenue and net 
profit 
    * In turn, this could enable company to outperform last 
year's operating results and reach a level of 39 - 41 million 
euros in 2016 
 
Source text for Eikon:  ID:nEuKY24a  
Further company coverage:  O2C.DE  
 
($1 = 0.9455 euros) 
 
 (Gdynia Newsroom) 
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