Oil Refineries Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1,887.11 million compared to USD 3,060.7 million a year ago. Net income was USD 57.81 million compared to USD 60.67 million a year ago. Basic earnings per share from continuing operations was USD 0.018 compared to USD 0.019 a year ago. Diluted earnings per share from continuing operations was USD 0.018.
For the six months, sales was USD 4,040.55 million compared to USD 5,320.06 million a year ago. Net income was USD 263.5 million compared to USD 42.17 million a year ago. Basic earnings per share from continuing operations was USD 0.083 compared to USD 0.013 a year ago.