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YPF reports higher than expected net profit

Posted by May 7, 2015

Argentina's state-controlled energy company YPF posted a first-quarter net profit of 2.109 billion pesos ($239 million) on Thursday, beating market expectations.
 
The consensus forecast in a Reuters poll of economists was for profit of 1.5 billion pesos in the January to March period.
 
 
($1=8.8225 Argentine pesos at the end of March)

(Reporting by Sarah Marsh and Eliana Raszewski; Editing by Peter Galloway)

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