Argentina's YPF says swings into sharp loss in 4th quarter 2015
BUENOS AIRES, March 3 (Reuters) - Argentina's state-controlled oil company YPF on Thursday reported a sharp swing into the red in the fourth quarter of 2015, posting a net loss of 1.70 billion pesos ($131 million)
YPF said full-year profit almost halved on the previous year to 4.58 billion pesos.
Oil output at YPF, which was nationalized in 2012 after the Argentine government seized the stake held by Spanish oil major Repsol, rose 2.1 percent in 2015 while gas production climbed 4.1 percent, the statement said.
($1 = 12.98 pesos on Dec. 31) (Reporting by Richard Lough)
© Thomson Reuters 2016 All rights reserved.