Bloomberg News

Unipetrol Falls Toward Five-Month Low on Worse Earnings Outlook

January 26, 2012

Jan. 26 (Bloomberg) -- Unipetrol AS declined, set for its lowest in most more than five months after the biggest Czech oil refiner said fourth-quarter earnings before interest and taxes will be negative and worse than in the previous quarter.

The stock slid 1.8 percent to 168 koruna by 9:38 a.m. in Prague, making it the worst performer in the PX equity gauge, which increased 1 percent. A close at that level would be the lowest for Unipetrol shares since Aug. 11.

--Editors: Linda Shen, Peter Branton

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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