Rubis jumps on higher H1 profit

Rubis SCA

08/09/2023 08:10

** Rubis  RUBF.PA  shares jump 2.5% after the French company
engaged in the storage and distribution of petroleum and other
liquid products posted higher half-year core profit
    ** Rubis on Thursday said its H1 EBITDA had increased by 30%
to 409 million euros  ($438.16 million)
    ** Portzamparc welcomes in a note the "excellent" half-year
performance and says the group's results and those its main
divisions exceed both its expectations and the consensus (357
million euros)
    ** The outlook for annual EBITDA, which should be between
690 million and 730 million in 2023, is in line with the
broker's estimates and exceeds the consensus of 680 million
euros, Portzamparc adds


($1 = 0.9334 euros)

 (Reporting by Diana Mandiá)
 ((diana.mandiaalvarez@thomsonreuters.com))