Türkiye Petrol Rafinerileri A.S. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 11:15 am EDT
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Türkiye Petrol Rafinerileri A.S. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TRY 9,279.581 million compared to TRY 23,952.951 million a year ago. Operating income was TRY 278.347 million compared to TRY 1,332.501 million a year ago. Net loss was TRY 184.839 million compared to net income of TRY 870.438 million a year ago. For the half year, sales was TRY 26,219.118 million compared to TRY 44,660.839 million a year ago. Operating loss was TRY 1,437.791 million compared to operating Income of TRY 1,560.633 million a year ago. Net loss was TRY 2,449.849 million compared to net income of TRY 495.280 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.
TÜRKIYE PETROL RAFINERILERI 
