Neste Oil posts profit for Q1 of 2013

In Finland, Neste Oil reported its first quarter results, showing a net profit or the first time in several years. The company has recorded an operating profit of US$34m. “We were able to expand our customer base further and sales allocations were also successful. Price differentials between different vegetable oils remained favourable during the quarter,” indicated President and CEO Matti Lievonen. Last year’s first quarter resulted in losses of nearly $2.6m.

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