YPF Quarterly Profit Doubles on Higher Production and Sales
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YPF SA, Argentina’s largest oil company, said third-quarter profit more than doubled on higher production and sales as its fuel price increases beat inflation.
Net income rose to 3.2 billion pesos ($376 million), or 8.19 pesos a share, from 1.4 billion pesos, or 3.6 pesos, a year earlier, Buenos Aires-based YPF said in an Argentine regulatory statement late yesterday. That beat the 6.13 peso per share profit, excluding some items, of four estimates compiled by Bloomberg.