HAIFA, Israel, March 20 /PRNewswire/ --
- Annual net Income NIS 693 Million, up 29% Over 2006
- Company to Distribute NIS 240 Million Dividend, in Addition to NIS 280 Million Distributed in October 2007
- Annual Refining Margin 57% Higher Than Regional Benchmark; Annual EBITDA up 21% Over 2006
- Successfully Completed $474 Million Bond Issue in December 2007 to Finance Strategic Plan
Oil Refineries Ltd. (TASE: ORL) ("Oil Refineries" or the "Company") announced today its financial results for three and twelve-month periods ending December 31, 2007.