Tamoil Reports Loss For 1996
The oil refining and distribution company Tamoil Italia SPA reported a net loss of Lire6.716bn ($4.4mn) for 1996, according to the company's 1996 Annual Report. The lossis smaller than that reported for 1995, which amounted to Lire 16.465bn ($10.1mn). (Dollarconversions are made at the rates applicable for the years concerned.) Tamoil reported anet profit of Lire 805mn ($499,300) for 1994; Lire 4.576bn ($2.9mn) for 1993; Lire...