Türkiye Petrol Rafinerileri A.S. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 05, 2021 at 09:27 am EDT
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Türkiye Petrol Rafinerileri A.S. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TRY 19,820.990 million compared to TRY 16,939.537 million a year ago. Operating loss was TRY 614.217 million compared to TRY 1,716.138 million a year ago. Net loss was TRY 760.495 million compared to TRY 2,265.010 million a year ago.
Turkiye Petrol Rafinerileri AS is a Turkey-based company that is engaged, together with its subsidiaries, in the refining of crude oil and petroleum products. Its refineries produce a full range of refined petroleum products, including diesel, fuel oils, jet fuel, gasoline and asphalt. The Group also imports and sells petroleum products and engages in the distribution, retailing and marine transportation of crude oil and refined products. It is mainly engaged in the following fields: to provide and refine crude oil, to import and export petroleum products, and to establish and operate domestic and foreign refineries for this purpose; to establish and operate factories and facilities in petrochemical and other related industries; to establish and operate facilities and plants related with energy and energy related industries, as well as to purchase, sell, import, export, store, market and distribute petroleum products, Liquefied Petroleum Gas (LPG) and natural gas, among others.