Türkiye Petrol Rafinerileri A.S. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 03, 2020 at 10:17 am EST
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Türkiye Petrol Rafinerileri A.S. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TRY 17,034.983 million compared to TRY 23,309.381 million a year ago. Operating income was TRY 198.953 million compared to TRY 608.281 million a year ago. Net loss was TRY 420.130 million compared to TRY 155.498 million a year ago. For the nine months, sales was TRY 43,254.101 million compared to TRY 67,970.220 million a year ago. Operating loss was TRY 1,238.838 million compared to operating Income of TRY 2,168.914 million a year ago. Net loss was TRY 2,869.979 million compared to net income of TRY 339.782 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 
