Tamoil Reports Lower Profits For 1994
Tamoil Italia SpA, the oil refining and distribution company, reported a netprofit of Lire 805mn ($499,300) for 1994, a substantial reduction from 1993profits of Lire 4.576bn ($2.9mn), according to the company's 1994 Annual Report.(Dollar conversions are made at the rates applicable for the years concerned.)Net profits for 1992 were Lire 2.742bn ($2.2mn) and for 1991, Lire 2.323bn($1.9mn).
In its 1994 report, Tamoil...