REPEAT: Shell NZ narrows FY loss, OMV's NZ unit moves back into profit

Wed, 28 Jun 2017

(Repeats to add dropped word 'impairment' in final paragraph) By Rebecca Howard June 26 (BusinessDesk) - Shell New Zealand is keen to find suitors for its remaining New Zealand assets after the sale of its Kapuni onshore field helped narrow its loss in the year to December while Austrian oil and gas producer OMV AG's New Zealand unit moved back into profit after achieving a lower cost of sales. Shell New Zealand said its total comprehensive loss attributable to its equity holders was $21.1 million versus a loss of $226.7 million in the...

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