HAIFA, Israel, November 24 /PRNewswire/ --
- Break-even third quarter with 24% increase in EBITDA YoY
- Net income of $73.5 in 9 months 2008
- Improvement in all operating parameters and net refining margin
- Lower net income in Q3 due to sharp decrease in fuel prices
- Board of Directors declares NIS 200 million dividend
Oil Refineries Ltd. (TASE:ORL.TA) (Oil Refineries or the Company) announced today its financial results for three and nine month periods ending September 30, 2008.
Third Quarter HIGHLIGHTS (Compared to third quarter 2007)