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Neste posts YOY increase in 9-month profit, revenue

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Neste posts YOY increase in 9-month profit, revenue

Finland-based refiner and renewable fuel producer Neste Oyj on Oct. 23 reported a nine-month profit of €856 million, up from €649 million reported during the same nine-month period in 2018.

Revenue for the nine-month period was €11.79 billion, increasing from €11.26 billion a year ago. The company attributed the results to higher sales volumes and a stronger U.S. dollar exchange rate.

Operating profit was €1.18 billion, compared to €842 million during the corresponding nine-month period in 2018.