Waste oil recycler Avista Oil slides deep in the red in the year 2013

Higher procurement prices and write-offs contribute to loss

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(D) – Internationally active German waste oil recycling group Avista Oil concluded the 2013 fiscal year with a loss of €45.7m. In the previous year, the company had posted a consolidated post-tax profit of €16m. The sharp deterioration in results was mainly caused by higher material costs due to the increase in ...

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