YPF reported profits of $6351 million in Q1

Before the coronavirus crisis hit fuel consumption, YPF reported profits in the first quarter of the year of $6351 million, according to the statement filed yesterday with the National Securities Commission. The impact of mandatory insulation, which involved a collapse in sales of up to 80% on naphthas, 50% on diesel and 90% jet fuel, will be reflected from the second quarter balance sheet.

Source: Cityfalcon