Argentina's YPF says first quarter net profit down 59.5 pct

martes 10 de mayo de 2016 16:53 GYT

BUENOS AIRES May 10 (Reuters) - Argentina's state-controlled oil company YPF said on Tuesday that its first quarter net profit tumbled 59.5 percent versus a year earlier to 855 million pesos ($58.1 million).

YPF, which was nationalized in 2012 after the Argentine government seized the stake held by Spanish oil major Repsol, posted a net profit of 2.11 billion pesos in the first quarter of 2015.

(At the end of March $1 = 14.72 Argentine pesos) (Reporting by Anthony Esposito; Editing by Andrew Hay)