November 7 (SeeNews) - Turkish oil refiner Tupras [BIST:TUPRS] said on Thursday consolidated net profit rose 11% to 1.08 billion Turkish lira ($533 million/399 million euro) in the nine months through September.
The net result was driven by a tax income of 748.8 million lira in the reviewed period compared to tax expenses of 222.5 million lira for the same period a year ago, the company's consolidated income statement showed.
Consolidated nine-month operating profit declined to 362.0 million lira from 1.06 billion lira, while earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to 878.2 million lira from 1.09 billion lira a year earlier.
Revenue declined to 30.48 billion lira through September from 31.84 billion lira a year ago.
Total sales volume fell to 18.21 million tonnes through September from 18.95 million tonnes for the same period of 2012 while total production volume decreased to 15.77 million tonnes from 16.19 million tonnes.
Tupras posted a 7.0% year-on-year rise in its third-quarter consolidated operating profit to 585.4 million lira, although sales declined 8.0% to 16.35 billion lira.
(1 euro = 2.7202 Turkish lira)