Portugese Galp sees further pandemic damage, third-quarter recovery still uncertain

Portugese Galp sees further pandemic damage, third-quarter recovery still uncertain
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29.04.2020

MOSCOW (MRC) -- Portugal's Galp Energia said the collapse in demand caused by the coronavirus pandemic was set to further impact its performance in the second quarter as it slashed its planned investment for this year by about half, according to Hydrocarbonprocessing.Galp, which reported a 72% slump in first-quarter net profit to 29 million euros (USD31 million) from a year earlier, said

Full article at mrcplast.com

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