Libya oil production helps energy giant OMV 'record' results
VIENNA - Austrian oil and gas giant OMV reported on Thursday "record" 2012 results, with net profit soaring 26 percent as production in Libya recovered after the 2011 uprising that toppled Moamer Gathafi.
"In 2012, we managed to deliver a record financial performance while successfully progressing our strategy," chief executive Gerhard Roiss said in a statement.
"We have set ourselves ambitious targets but I am convinced that we are fit for the future and we will continue to deliver on our commitment to profitable growth."
Net income attributable to stockholders rose 26 percent to 1.36 billion euros ($1.80 billion), while earnings before interest and tax (EBIT) were 24 percent higher at 3.10 billion euros.
Sales rose 25 percent to 42.65 billion euros, beating market expectations, and the firm raised its dividend payout by 0.10 euros to 1.20 euros per share.