Corral Petroleum Holdings Q3 2015

REPORT FOR THE THIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2015

 This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral Petroleum Holdings”) and its consolidated subsidiaries for the three and nine months ended September 30, 2015 and for the comparative period in 2014.

Financial highlights

 

  • Sales revenue for the third quarter of 2015 amounted to 16,999 MSEK compared to 21,989 MSEK in the third quarter of 2014.
  • EBITDA[1] for the third quarter of 2015 amounted to 991 MSEK compared to -34 MSEK in the third quarter of 2014.
  • Adjusted EBITDA1 for the third quarter of 2015 amounted to 1,889 MSEK compared to 845 MSEK in the third quarter of 2014.
  • Operating profit for the third quarter of 2015 amounted to 751 MSEK compared to an operating loss of 299 MSEK in the third quarter of 2014.
  • Net loss for the third quarter of 2015 amounted to 200 MSEK compared to a net loss of 1,225 MSEK in the third quarter of 2014.
  • Cash flow from operating activities for the third quarter of 2015 was 560 MSEK compared to cash flow used in operating activities of 1,413 MSEK in the third quarter of 2014.
  • Weighted business refining margin for the third quarter of 2015 was 8.27 $/bbl compared to 5.12 $/bbl in the third quarter of 2014.


[1] For a reconciliation of our EBITDA and EBITDA to Adjusted EBITDA, please see the financial statements section on page 13.

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