First Resources part 2.1

Q2  result wasn't pretty. See their Q2 presentation here. Q2 revenue rose by 5.9% yoy, net profit +9.8% yoy, but EBITDA fell by 6.2% yoy. For 6mth results, revenue dropped by 25.9% and net profit -20.8% yoy. As predicted, refinery business continued to suffer with nearly non-existent margin. 6mth refinery EBITDA fell from 18.4m to 2.3m. … Continue reading First Resources part 2.1