The adjusted EBITDA returns to positive territory, after four negative quarters, and was a tiny beat over the consensus. The outlook is not particularly rosy but shows a recovery and that the worse is finally behind the company. Saras has increased its guidance, now expecting to increase its premium over the benchmark from $3.8-4.3/bbl to $4.7-5.2/bbl, as a combination of higher margins in refining and higher remuneration in power generation.
02 Aug 2021
Q2: EBITDA back in the black
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Q2: EBITDA back in the black
- Published:
02 Aug 2021 -
Author:
Kevin VO -
Pages:
3
The adjusted EBITDA returns to positive territory, after four negative quarters, and was a tiny beat over the consensus. The outlook is not particularly rosy but shows a recovery and that the worse is finally behind the company. Saras has increased its guidance, now expecting to increase its premium over the benchmark from $3.8-4.3/bbl to $4.7-5.2/bbl, as a combination of higher margins in refining and higher remuneration in power generation.