Statoil ASA: Record Results in First Half (with link)

OSLO, Norway, August 7, 2001 (PRIMEZONE) -- Statoil (OSE:STO) recorded a profit after tax of NOK 10.6 billion for the first six months of 2001 - the best half-year result it has ever achieved.

The figure is NOK 3.3 billion higher than it was in the corresponding period of last year, and represents a 45 percent increase.

This improvement can primarily be attributed to sales gains, higher prices and margins, and the effect of the group's cost cutting and restructuring program.

To view this release in its entirety, please click the link below:


Contact Data