(Reuters) - The London-based company said in a statement that the drop
in its second-quarter replacement cost net profit would have
been larger had it not been for non-operating gains totalling
$741 million, largely from asset sales.
Stripping this gain out, the replacement cost profit, which
strips out changes in the value of inventories, fell 12.5
percent to $5.346 billion, compared to an average forecast of
$4.975 billion in a Reuters poll of 10 analysts.
Read more at Reuters.com Market News
in its second-quarter replacement cost net profit would have
been larger had it not been for non-operating gains totalling
$741 million, largely from asset sales.
Stripping this gain out, the replacement cost profit, which
strips out changes in the value of inventories, fell 12.5
percent to $5.346 billion, compared to an average forecast of
$4.975 billion in a Reuters poll of 10 analysts.
Read more at Reuters.com Market News
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