Tamoil Reports Loss For 1995
The oil refining and distribution company, Tamoil Italia SPA, reported a net loss of Lire 16.465bn ($10.1mn) for 1995, according to the company's 1995 Annual Report. The results are a considerable drop from profits of Lire 805mn ($499,300) in 1994 and of Lire 4.576bn ($2.9mn) in 1993. (Dollar conversions are made at the rates applicable for the years concerned.) Net profits for 1992 were Lire 2.742bn ($2.2mn) and for...