Croat Refiner INA Net Drops 93% in First Half on Low Oil Prices

  • Revenue drops 32 percent, while EBITDA declines 70 percent
  • 2016 is affected by ‘negative external environment: Aldott

INA Industrija Nafte d.d., the Croatian refiner controlled by Hungary’s Mol Nyrt., said its net income plummeted 93 percent in the first half of 2016 as oil prices continued to decline.

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