IFRS
Ηellenic Petroleum Group:Record high profitability on operational performance and positive refining environment
HELLENIC PETROLEUM Group announced its 4Q/FY17 results, according to IFRS. FY17 Adjusted EBITDA came in at €834m (+14%), the highest on record, with Group refineries improving utilisation and operations and achieving a record over-performance vs benchmark margins.
Reported Net Income at €124m, up by +287.5%; higher production and sales for Hellenic Petroleum at first quarter
HELLENIC PETROLEUM Group announced strong financial results, according to IFRS, with 1Q17 Adjusted EBITDA at €229m (+35%) and Adjusted Net Income at €126m (+80%). Benchmark refining margins remained at high levels and operational performance was improved in all Group activities.
Reported Net Income at record high of €329m for ELPE in 2016 despite weaker benchmark refining margins by 25%
HELLENIC PETROLEUM Group announced its FY16 results, according to IFRS. In FY16, the Group achieved significantly higher profitability, for the second consecutive year, following losses in 2013 and 2014, despite a 25% drop in benchmark refining margins, reporting the strongest reported results on record; Reported EBITDA came in at €836m, while Net Income amounted to […]