PLC - Weak asphalt demand, lubricant margin squeeze hurt Q4 results - Earnings Flash
  • 03 Feb 2017
  • Company Research
2016 revenue and NPAT fell 30.6% and 37.5% YoY, respectively. This is in line with our expectation as we already anticipated weak Q4 earnings on soft asphalt demand as well as a lubricant margin squeeze as a cheap input cost effect petered out. Having sai