For the six months ended June 30, 2008, Petroplus reported that net income was $725.4 million, or $10.56 per share, as compared to $98.6 million, or $1.54 per share, for the six months ended June 30, 2007.
For the quarter ended June 30, 2008, earnings before interest, taxes, depreciation and amortization (EBITDA) for its refining and marketing operations were approximately $841 million.
The second quarter 2008 refining and marketing EBITDA reflects a full quarter of operations for all seven refineries. For the quarter ended June 30, 2007, refining and marketing EBITDA was approximately $158 million and included the operations at Ingolstadt, BRC, Cressier, Teesside and Coryton for one month.
