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Scandals fraud and losses in the financial markets

Scandals fraud and losses in the financial markets

HSBC is the latest bank to be hit by attempted fraud, which Euromoney was first to report.

Abigail Hofman

Abigail Hofman

We’re here to save the world and we don’t need any questions

Tuesday, May 6, 2008

Chornomornaftohaz’s net revenues decrease by 16% y/y to USD 36.46mn in Q1.





Chornomornaftohaz’s net revenues decrease by 16% y/y to USD 36.46mn in Q1. State owned Chernomornaftohaz’s net revenues decreased by 16% y/y to UAH 184.143mn (USD 36.46mn) in Q1/08. The company posted net profit of UAH 3mn in Q1. Chernomornaftogas is 100% state owned, and the only enterprise which carry oil-gas prospect drilling in the Black Sea . The company carries exploration works in Subotin field in the Azov Sea appraising deposits to amount to 100mn tons of crude oil by preliminary estimates.


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