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Profit drops 96 percent at Colombia's Ecopetrol

Thursday, May 14, 2015

Net profit at Colombia's state-controlled oil producer Ecopetrol tumbled 96 percent in the first quarter from the same period last year, largely due to the sharp drop in crude oil prices since the middle of last year.

The company posted a consolidated net profit of $67.2 million in the quarter.

Source: Reuters