Corral Petroleum Holdings AB (publ) Q2 2013

FOR IMMEDIATE RELEASE
Date: August 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 second quarter and six months ended June 30, 2013 and for the comparative period in 2012.

Financial highlights

  • Sales revenue for the second quarter of 2013 amounted to 22,219 MSEK compared to 26,515 MSEK in the second quarter of 2012.
  • EBITDA1 for the second quarter of 2013 amounted to 67 MSEK compared to negative 397 MSEK in the second quarter of 2012.
  • Adjusted EBITDA2 for the second quarter of 2013 amounted to 558 MSEK compared to 1,350 MSEK in the second quarter of 2012.
  • Operating loss for the second quarter of 2013 amounted to 183 MSEK compared to an operating loss of 641 MSEK in the second quarter of 2012.
  • Net loss for the second quarter of 2013 amounted to 767 MSEK compared to a net loss of 1,032 MSEK in the second quarter of 2012.
  • Cash flow from operating activities for the second quarter of 2013 was 2,915 MSEK compared to cash flow from operating activities of 688 MSEK in the second quarter of 2012.
  • Weighted business refining margin for the second quarter of 2013 was 4.60 $/bbl compared to 7.35 $/bbl in the second quarter of 2012.

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