FRANKFURT (Reuters) – Austrian oil and gas group OMV reported better-than-expected first-quarter revenue on Friday, citing higher market prices, though it made a loss over the period due to impairments related to the discontinued Nord Stream 2 project.
OMV said its consolidated sales jumped 146% to 15.83 billion euros ($16.66 billion) due to booming market prices, especially for natural gas, though its net financial loss widened to 1.04 billion euros due to the write-down of a Nord Stream 2 loan.
($1 = 0.9500 euros)
(Reporting by Zuzanna Szymanska; Editing by Paul Carrel)
