Tuesday, November 20, 2018

Hellenic Petroleum Q3 Core Profit up 15%

November 8, 2018

Hellenic Petroleum, Greece's biggest oil refiner, reported a 15 percent rise in third-quarter core profit on Thursday with stronger sales volumes more than offsetting lower refining margins.

Adjusted for oil inventory holdings, earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 237 million euros ($271.06 million), up from 206 million euros in the same period a year earlier.

The figure beat analysts average forecast of 213.4 million euros in a recent Reuters poll. 

(Reuters, Reporting by Angeliki Koutantou)

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