Italian refiner Saras' comparable core profit drops 41% in 2023
15/03/2024 14:05
March 15 (Reuters) - Italian refiner Saras SRS.MI on
Friday reported a 41% fall in its full-year comparable earnings
before interest, taxes, depreciation and amortisation (EBITDA)
to 669.7 million euros ($729.10 million).
The company cited a drop in the "diesel crack", a metric
representing the profitability of refined products, to an
average of $26.4 per barrel from $37.7 per barrel in 2022, and
also a weaker dollar versus the euro.
($1 = 0.9185 euros)
(Reporting by Philippe Leroy Beaulieu)
((Philippe.LeroyBeaulieu@thomsonreuters.com;))