SINGAPORE, Oct 21 (Reuters) - Singapore Petroleum Co (SPCS.SI: Quote, Profile, Research, Stock Buzz) on Tuesday reported a 99 percent fall in quarterly net profit and said it expected to continue being affected by the global financial crisis and oil price volatility.
The oil refining and marketing firm said it earned S$619,000 in the three months to the end of September, compared with S$98.1 million a year earlier.
just be careful and know SPC business well as they are highly exposed to the macro-environment. managaement after releasing their 3rd quarter had mentioned about their future direction ahead, which may seem skeptical.
cheers.
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