Corral Petroleum Holdings (publ) Q1 2012

FOR IMMEDIATE RELEASE
Date: May 25, 2012
London

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral Petroleum Holdings”) and its consolidated subsidiaries, for the first quarter of 2012 and for the comparative period in 2011.

Financial highlights

  • Sales revenue for the first quarter of 2012 amounted to 27,687 MSEK compared to 22,039 MSEK in the first quarter of 2011.
  • EBITDA for the first quarter of 2012 amounted to 1,592 MSEK compared to 1,637 MSEK in the first quarter of 2011.
  • Adjusted EBITDA1 for the first quarter of 2012 amounted to 673 MSEK compared to 442 MSEK in the first quarter of 2011.
  • Operating profit for the first quarter of 2012 amounted to 1,346 MSEK compared to an operating profit of 1,394 MSEK in the first quarter of 2011.
  • Net profit for the first quarter of 2012 amounted to 1,123 MSEK compared to a net profit of 1,053 MSEK in the first quarter of 2011.
  • Cash flow from operating activities for the first quarter of 2012 was 816 MSEK compared to cash flow used in operating activities of 1,414 MSEK in the first quarter of 2011.
  • Weighted business refining margin for the first quarter of 2012 was 3.96 $/bbl compared to 3.45 $/bbl in the first quarter of 2011.

For more information download the PDF-version