COMPANIES Repsol on Thursday became the latest oil and gas group to unveil a sharp year-on-year drop in nine-month profits, as weak market prices and refining margins, as well as lower output, took their toll.
The Spanish company said net profits for the period had been €1.3bn ($1.93bn), down just over 55 per cent on the same period a year ago. For the third quarter to the end of September, the decline was 47.4per cent, to €368m.
