Elinoil Group: Rose 16 pct to 592.4 million euros in the first half of 2016

Elinoil Group said its consolidated turnover rose 16 pct to 592.4 million euros in the first half of 2016 and gross profits edged up to 20 million euros from 19.4 million in the same period last year.

EBITDA fell 7.0 pct to 5.1 million euros in the January-June period, from 5.6 million in 2015, while EBT eased to 1.9 million euros from 2.1 million and consolidated after tax and minorities earnings totaled 1.3 million euros from 1.5 million euros last year.

Parent EBITDA eased to 4.6 million euros in the first half of 2016, from 5.1 million in 2015 and after tax and minorities earnings fell to 700,000 euros from 1.3 million last year.

Elinoil said it will focus on expanding its retail network, promoting new products under the Crystal brand name and exploiting new opportunities in the domestic and international market.