Corral Petroleum Holdings AB: Report for the Second Quarter and Six Months Ended June 30, 2016

STOCKHOLM--()--Regulatory News:

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral Petroleum Holdings”) and its consolidated subsidiaries (the “Group”), for the second quarter and six months ended June 30, 2016 and for the comparative periods in 2015.

Financial highlights

· Sales revenue for the second quarter of 2016 amounted to 12,524 MSEK compared to 18,329 MSEK in the second quarter of 2015.

· EBITDA for the second quarter of 2016 amounted to 1,354 MSEK compared to 1,638 MSEK in the second quarter of 2015.

· Adjusted EBITDA1for the second quarter of 2016 amounted to 624 MSEK compared to 1,523 MSEK in the second quarter of 2015.

· Operating profit for the second quarter of 2016 amounted to 1,107 MSEK compared to an operating profit of 1,400 MSEK in the second quarter of 2015.

· Net profit for the second quarter of 2016 amounted to 189 MSEK compared to a net profit of 1,276 MSEK in the second quarter of 2015.

· Cash flow used in operating activities for the second quarter of 2016 was -516 MSEK compared to cash flow from operating activities of 1,392 MSEK in the second quarter of 2015.

· Weighted refining margin for the second quarter of 2016 was 4.50 $/bbl compared to 7.36 $/bbl in the second quarter of 2015.

An international conference call for investors and analysts will be held on August 31, 2016 at 3:00 pm CET. The call-in number is +46 8 5052 0110 meeting code: Preem. The report for the third quarter and nine months ending September 30, 2016 will be released on November 29, 2016.

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Contacts

Corral Petroleum Holding
Gunilla Spongh
Tel: +46-10-450 17 35
Email: gunilla.spongh@preem.se

Contacts

Corral Petroleum Holding
Gunilla Spongh
Tel: +46-10-450 17 35
Email: gunilla.spongh@preem.se