Hellenic Petroleum sees adjusted EBITDA above €947 MM this year
11/23/2017 9:39:30 AM
ATHENS (Reuters) — Greece’s largest oil refiner Hellenic Petroleum expects its core profit to exceed $947.84 MM this year, Chairman Efstathios Tsotsoros said on Thursday.
Tsotsoros was speaking at an energy conference in Athens. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA), which strips out oil inventory holdings, came in at 731 MM euros in 2016.
Reporting by Angeliki Koutantou; Writing by Michele Kambas
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