Statoil Posts Lower Q3 Profit - Quick Facts

(RTTNews) - Norwegian energy company Statoil ASA (STO) reported that its third-quarter net income slid to 13.7 billion Norwegian Kroner, compared with last year's 14.5 billion kroner, with net profit attributable to equity holders of the company edging down to 14.3 billion kroner, from 14.4 billion kroner a year ago. During the period, earnings per share dropped year-over-year to 4.47 kroner, from 4.51 kroner.

Statoil's net operating income for the 2013 third quarter was 39.3 billion kroner, positively impacted by gain from sale of assets, while refinery impairments and commercial provisions impacted the financial result negatively. Adjusted earnings stood at 40.4 billion kroner, which is in line with the prior-year period; while adjusted earnings after tax were 12.1 billion kroner, versus 11.9 billion kroner in the 2012 period.

However, quarterly total revenues and other income of 169.8 billion kroner, were higher than the prior-year figure of 166.7 billion kroner.