Moeve Reports 12-Fold Increase in Q3 Net Profit
The Spanish energy firm attributed the increase to strong refining margins and higher refinery utilisation.
Spanish energy firm Moeve posted a 12-fold increase in third-quarter net profit on Friday on the back of strong refining margins and higher utilisation of its refineries to churn out sought-after refined products such as diesel and kerosene.The wars in Iran and Ukraine that have disrupted energy ma…