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Petrol Ofisi Year-to-Date Net Profit Up 32%

November 6, 2008

Turkish oil refiner and supplier Petrol Ofisi has reported a net profit of TRY249 million for the first nine months of 2008, a 32% increase compared to TRY188 million for the same period of 2007.

Net sales of the company were TRY13.39 million in the third quarter of 2008, a 35% increase compared to the same period of 2007; and earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 37% to TRY669 million in the third quarter of 2008, compared to the same period of 2007.

Year-to-date EBITDA was TRY669 million, compared to TRY448 million for the same period of 2007. Net sales were TRY13.39 billion in the first nine months of 2008, compared to TRY9.89 billion for the same period of 2007.




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