Corral Petroleum Holdings (publ) Q3 2012

FOR IMMEDIATE RELEASE
Date: November 23, 2012
London

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral Petroleum Holdings”) and its consolidated subsidiaries, for the third quarter and first nine months ended September 30, 2012 and for the comparative periods in 2011.

Financial highlights

  • Sales revenue for the third quarter of 2012 amounted to 25,751 MSEK compared to 21,624 MSEK in the third quarter of 2011.
  • EBITDA for the third quarter of 2012 amounted to 2,496 MSEK compared to 296 MSEK in the third quarter of 2011.
  • Adjusted EBITDA1 for the third quarter of 2012 amounted to 1,512 MSEK compared to 221 MSEK in the third quarter of 2011.
  • Operating profit for the third quarter of 2012 amounted to 2,245 MSEK compared to an operating profit of 47 MSEK in the third quarter of 2011.
  • Net profit for the third quarter of 2012 amounted to 1,955 MSEK compared to a net loss of 773 MSEK in the third quarter of 2011.
  • Cash flow from operating activities for the third quarter of 2012 was 1,474 MSEK compared to cash flow used in operating activities of 610 MSEK in the third quarter of 2011.
  • Weighted business refining margin for the third quarter of 2012 was 7.67 $/bbl compared to 2.49 $/bbl in the third quarter of 2011.

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