Ecopetrol 3rd-qtr profit plunges 41 pct, oil output lower
BOGOTA Oct 31 (Reuters) - Colombia's state-owned oil company, Ecopetrol, reported a 41 percent drop in third-quarter profit on Friday, due in part to lower crude output and selling prices.
Consolidated net profit, including earnings from subsidiaries, totaled 2.28 trillion pesos ($1.11 billion) for the quarter, compared with 3.86 trillion pesos in the same period a year earlier.
Earnings before interest, taxes, depreciation and amortization, EBITDA or cash flow, fell 32 percent to 5.47 trillion pesos.
($1 = 2061.0000 Colombian pesos) (Reporting by Peter Murphy; Editing by Steve Orlofsky)
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