Motor Oil posts € 304,000 net profit for 9-month period

The Motor Oil Group has posted a net profit of 304,000 euros for the nine-month period of the current year, slightly down from a net profit of 340,000 euros during the equivalent period last year, the company announced.

The petroleum refining company’s total turnover figure for the equivalent period this year increased to 221.1 million euros, from 196.6 million euros during the equivalent nine-month period last year.

At a parent company level, the company incurred losses of 7.8 million euros, following a profit of 6.66 million euros posted for the nine-month period in 2013.