Greece's Helleniq Energy profit down in Q3, but output and sales at multi-year highs (updated)

HELLENiQ ENERGY Holdings

14/11/2024 17:08

(Adds details of results in paragraphs 3-4, dividend in
paragraph 5)
       Nov 14 (Reuters) - Greek oil refiner Helleniq Energy
 HEPr.AT  on Thursday reported a 54% fall year-on-year in its
third-quarter adjusted core profit, citing the Greek
government's one-off windfall tax and weaker refining margins.
    The group reported adjusted earnings before interest, taxes,
depreciation and amortisation (EBITDA) of 183 million euros 
($193 million), compared to 400 million a year ago.
    It also reported adjusted net profit of 49 million euros,
down 77% on the year, noting that the net impact of the
extraordinary contribution amounted to 173 million euros.
    Helleniq Energy, formerly known as Hellenic Petroleum, also
said that during the third quarter, oil products output reached
a six-year high, with refining sales volumes at an eight-year
high, driven by the increased availability of refining units. 
    The board of directors decided to distribute an interim
dividend of 0.20 euros per share, it added.
    

($1 = 0.9463 euros)

 (Reporting by Antonis Pothitos and Athina Karolidou; Editing by
David Evans)
 ((antonis.pothitos@thomsonreuters.com; +48 58 769 65 78;))