Latest news for Saras (OTC:SAAFY) Stock

Saras SpA is a processor of crude oil and marketer and distributor of petroleum byproducts. Refining operations are conducted at facilities located near the Mediterranean Sea. Majority of the refineries production is medium and light distillates with low environmental impact (mainly diesel and gasoline). Under Saras Trading, the company purchases crude oils and other feedstock for the refinery, sells the refined oil, and participates in third party trading. Products sold and distributed by Saras and its subsidiaries include diesel, gasoline, heating oil, liquefied petroleum gas, naphtha, and aviation fuel. Products are sold on Spanish and Italian markets. Additional services include wind farm operations, and engineering and scientific research services.

Earnings

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SAAFY

Saras Posts Wider Q2 Net Loss

Saras Swings To 2012 Net Loss

SARAS RAFFINERIE UNSP/ADR by Saras Raffinerie Sarde Spa

Saras SpA

Saras S.p.A. goes ex dividend Monday

Saras

Saras SpA (OTC: <a class="ticker" href="/stock/saafy#OTC">SAAFY</a>) posted a wider net loss in the second quarter. 

Saras posted a quarterly net loss of 199.5 million euros ($266.5 million), versus a year-ago net loss of EUR131.8 million. Its quarterly adjusted net loss widened to EUR46.3 million from EUR29.3 million.

Saras's revenue rose to EUR2.77 billion from EUR2.67 billion.


Italy's Saras SpA (OTC: <a class="ticker" href="/stock/saafy#OTC">SAAFY</a>) posted a net loss in 2012.

Saras posted a 2012 loss of 90.1 million euros ($116.5 million), versus a year-ago net profit of EUR58.8 million. Its adjusted net loss came in at EUR35.2 million, versus a year-earlier net loss of EUR17.7 million.

Its revenue rose 8% to EUR11.9 billion, while earnings before interest, tax, depreciation and amortization came in at EUR173.6 million, versus EUR394.3 million in 2011.


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Latest news for Saras (OTC:SAAFY) Stock

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Tuesday, March 19, 2013