March 2, 2018 / 10:08 PM / 6 months ago

Argentina's YPF posts 2017 profit of $627 mln vs 2016 loss

BUENOS AIRES, March 2 (Reuters) - Argentina’s state-owned oil company YPF SA posted a full-year 2017 profit of 12.7 billion pesos ($627.16 million), the company said on Friday, compared with a loss of 28.4 billion pesos in 2016.

In the fourth quarter of 2017, the company posted a 12 billion-peso profit, compared with a 1.8 billion peso-profit in the same period the prior year and a 246 million peso-profit in the third quarter. ($1 = 20.2500 Argentine pesos) (Reporting by Luc Cohen)

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