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Unipetrol posts net profit of CZK 1.99bn for Q1 2015

Unipetrol reported net profit of CZK 1.99bn for Q1 2015. Earnings before interests, taxes, depreciation and amortisation (EBITDA LIFO) totalled CZK 3.11bn. The firm’s turnover dropped by 16% y/y to CZK 23.97bn, due to lower crude oil prices. The amount of processed crude oil totalled 1.24 million tons (up 10% y/y). Unipetrol’s CEO and board of directors chairman Marek Świtajewski has stated that the increase in profits was driven by the combination of high refinery margins and good utilisation of production capacities.

Source: www.cianews.cz