10/09/2013 (Economic Times) -  Finnish refiner Neste Oil upgraded its full-year profit guidance on Tuesday, citing good results at its renewable fuels business, which makes diesel from palm oil and animal fats.

The company said it expected full-year 2013 comparable operating profit to be higher than 530 million euros ($702.4 million). It had previously said the profit would be clearly better than the 355 million euros it reported in 2012.

It also upgraded its renewable fuels business' full-year guidance and said the its comparable operating profit would top 200 million euros.