Corral Petroleum Holdings Q3 2013

FOR IMMEDIATE RELEASE
Date: November 28, 2013
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 nine months ended September 30, 2013 and for the comparative period in 2012.

Financial highlights

  • Sales revenue for the third quarter of 2013 amounted to 17,877 MSEK compared to 25,751 MSEK in the third quarter of 2012.
  • EBITDA1 for the third quarter of 2013 amounted to 727 MSEK compared to 2,496 MSEK in the third quarter of 2012.
  • Adjusted EBITDA1 for the third quarter of 2013 amounted to 133 MSEK compared to 1,512 MSEK in the third quarter of 2012.
  • Operating profit for the third quarter of 2013 amounted to 479 MSEK compared to an operating profit of 2,245 MSEK in the third quarter of 2012.
  • Net profit for the third quarter of 2013 amounted to 442 MSEK compared to a net profit of 1,955 MSEK in the third quarter of 2012.
  • Cash flow used in operating activities for the third quarter of 2013 was 2,944 MSEK compared to cash flow from operating activities of 1,474 MSEK in the third quarter of 2012.
  • Weighted business refining margin for the third quarter of 2013 was 2.06 $/bbl compared to 7.67 $/bbl in the third quarter of 2012.

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