Motor Oil’s 2011 Profit Inched Down a 13 Percent

Reuters reported that Motor Oil, Greece’s second-biggest oil refiner, 2011 profit inched down a 13 percent.

As quoted in the market news:

Net income was 143 million euros ($189 million), the company said on Monday. In 2010, Motor Oil booked an 84.7 million euro gain from the purchase of Royal Dutch Shell’s petrol station network in Greece.

Click here to read the full Reuters report.