Corral Petroleum Holdings AB (publ) Q1 2013

FOR IMMEDIATE RELEASE
Date: May 23, 2013
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 2013 and for the comparative period in 2012.

Financial highlights

  • Sales revenue for the first quarter of 2013 amounted to 21,652 MSEK compared to 27,687 MSEK in the first quarter of 2012.
  • EBITDA for the first quarter of 2013 amounted to 277 MSEK compared to 1,592 MSEK in the first quarter of 2012.
  • Adjusted EBITDA1 for the first quarter of 2013 amounted to 532 MSEK compared to 673 MSEK in the first quarter of 2012.
  • Operating profit for the first quarter of 2013 amounted to 33 MSEK compared to an operating profit of 1,346 MSEK in the first quarter of 2012.
  • Net loss for the first quarter of 2013 amounted to 187 MSEK compared to a net profit of 1,123 MSEK in the first quarter of 2012.
  • Cash flow from operating activities for the first quarter of 2013 was 2,778 MSEK compared to cash flow from operating activities of 816 MSEK in the first quarter of 2012.
  • Weighted business refining margin for the first quarter of 2013 was 4.61 $/bbl compared to 3.96 $/bbl in the first quarter of 2012.

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