Corral Petroleum Holdings (publ) Q2 2012

FOR IMMEDIATE RELEASE
Date: August 24, 2012
London

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

Financial highlights

  • Sales revenue for the second quarter of 2012 amounted to 26,515 MSEK compared to 23,590 MSEK in the second quarter of 2011.
  • EBITDA for the second quarter of 2012 amounted to negative 397 MSEK compared to 88 MSEK in the second quarter of 2011.
  • Adjusted EBITDA1 for the second quarter of 2012 amounted to 1,350 MSEK compared to 151 MSEK in the second quarter of 2011.
  • Operating loss for the second quarter of 2012 amounted to 641 MSEK compared to an operating loss of 159 MSEK in the second quarter of 2011.
  • Net loss for the second quarter of 2012 amounted to 1,032 MSEK compared to a net loss of 408 MSEK in the second quarter of 2011.
  • Cash flow from operating activities for the second quarter of 2012 was 688 MSEK compared to cash flow from operating activities of 727 MSEK in the second quarter of 2011.
  • Weighted business refining margin for the second quarter of 2012 was 7.35 $/bbl compared to 2.12 $/bbl in the second quarter of 2011.

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