BP loses £93 million
19th September 1981, Page 3
19th September 1981
Page 3
Page 3, 19th September 1981
— BP loses £93 million
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
THE BP OIL GROUP has made al operating loss before tax and ir terest of £93 million in the firs six months of 1981, comparei with a loss of £53 million in thi same period last year.
The main contributors to thesE results were the continuing re. duction in the demand for oi products; the fail in value of ster. ling against the dollar; and thE continuing uncompetitive ray% materials costs.
The overall effect of these fac tors has been to increase costs However, owing to intense corn petition these higher prices havi been difficult to sustain.