Hellenic Petroleum's EBITDA rises 88 pct in 2016

EconomyCorporates Tags: Corporates, Results
Photo via http://www.helpe.gr/
Photo via http://www.helpe.gr/

Greece’s largest oil refiner, Hellenic Petroleum’s full year results for 2016 show that for a second year running, the group achieved significantly high results, making up for losses posted in 2013 and 2014.

EBITDA came in at 836 million euros, up 88 percent compared to the 2015 figure of 444 million euros. On a quarterly basis, the figure stood at 303 million euros for Q4 2016 compared to 31 million euros for Q4 2015, driven by inventory gains of 82 millio...

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