UPDATED: OMV NZ pays record dividend to Austrian parent

Mon, 23 Jul 2012

(Adds comment from managing director Peter Zeilinger starting in fourth paragraph) By Jonathan Underhill July 23 (BusinessDesk) - OMV, New Zealand’s largest producer of liquid hydrocarbons and third-biggest gas producer, posted a record profit in 2011 as it benefited from increased production and improved prices for crude oil. Profit rose 16 percent to $324.9 million in calendar 2011, the local unit of Vienna-based OMV AG said in its financial statements. Sales rose 8.9 percent to $890 million. The company doesn’t disclose production detail...

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