The company’s net income declined to $4 million or $0.07 per fully diluted share in the second quarter of 2008, compared to net income of $67.2 million or $1.29 per fully diluted share in the second quarter of 2007.
The refining segment contribution margin was $20.5 million for the second quarter of 2008, compared to $95.1 million for the second quarter of 2007. The retail segment contribution margin was $17.3 million for the second quarter 2008, compared to $18.4 million for the second quarter 2007.
Uzi Yemin, president and CEO of Delek US Holdings, said: Although higher crude oil costs and weaker consumer demand impacted our second quarter results, each of our business segments reported positive contribution margin in the period, resulting in a return to profitability.
