Corral Petroleum Holdings AB (publ) Q2 2009

FOR IMMEDIATE RELEASE
Date: August 24, 2009
Stockholm

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral”), for the second quarter of 2009 and for the comparative period in 2008.

Financial highlights

  • Sales revenue for the second quarter of 2009 amounted to 16,061 MSEK compared to 25,866 MSEK in the second quarter of 2008.
  • EBITDA for the second quarter of 2009 amounted to 2,016 MSEK compared to 2,642 MSEK in the second quarter of 2008.
  • Operating income for the second quarter of 2009 amounted to 1,772 MSEK compared to 2,405 MSEK in the second quarter of 2008.
  • Net income for the second quarter of 2009 amounted to 1,599 MSEK compared to 1,494 MSEK in the second quarter of 2008.
  • Cash flow from operating activities for the second quarter of 2009 was 2,027 MSEK compared to cash flow from operating activities of 369 MSEK in the second quarter of 2008.
  • Weighted business refining margin for the second quarter of 2009 was 4.52 $/bbl compared to 8.70 $/bbl in the second quarter of 2008.

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