Saras core profit slumps in Q2 on lower energy prices
31/07/2023 13:13
July 31 (Reuters) - Italian refiner Saras SRS.MI said
on Monday its core profit fell in the second quarter of the year
as petrol and energy prices dropped.
The group said its comparable earnings before interest,
taxes, depreciation and amortisation (EBITDA) were down by 94%
to 27.1 million euros ($29.89 million) in the April-June period,
from 458.6 millions a year ago.
Saras confirmed its 2023 guidance on average premium to the
Energy Market Consultants (EMC) Reference Margin of between $5-6
per barrel.
($1 = 0.9068 euros)
(Reporting by Alessandro Parodi, editing by Federico Maccioni)
((Alessandro.Parodi@thomsonreuters.com;))