Motor Oil Hellas profits rebound in Q3

EconomyCorporates Tags: Corporates, Results

Motor Oil Hellas Q3 results show that the group’s gross profits came to 187.1 million euros versus 134.9 million euros in Q3 2015, an increase of 37 percent. The results mark a strong turnaround for the group compared to their H1 2016 results, which reported a fall in gross profit of 11.1 percent.

Net profits grew from 33.6 million euros in Q3 2015 to 76.1 million euros in Q3 2016, representing an increase of 126 percent.

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