Net profit at YPF (YPF -2.2%) fell 51% Y/Y during Q3 due to increased operating costs and poorer...

|About: YPF Sociedad Anonima (YPF)|By:, SA News Editor

Net profit at YPF (YPF -2.2%) fell 51% Y/Y during Q3 due to increased operating costs and poorer performance by companies in which YPF has a stake, as well as a deferred tax payment. Argentina sits on huge resources of shale natural gas and oil, but large amounts of capital would be needed to bring them into production; YPF rules out any foray into global credit markets "anytime in the short term."