Latest financial results and annual financial statements
Annual blood donation in memory of Nakis Lefkaritis
Petrolina employees and management have been taking part in blood donation for decades now at twice yearly events at the Company’s headquarters in Larnaca.
• Entering into the final stage of the Vasiliko fuel installations
• Stable dividend policy
At the 19th Annual General Meeting of the shareholders of Petrolina (Holdings) Public Ltd, held on Wednesday, June 26, 2019, a profit before tax of €4,9m was announced, compared to €4,8m in the previous year, whereas after-tax profit for the year from continuing operations reached €4,3m, compared to €4,2m in 2017. The profit for the year, including returns from discontinued operations, reached €14,3m compared to €4,2m the year before and resulted from the sale of a 35% ownership stake in the subsidiary Lca Aviation Fueling System Limited, in line with the requirements of IFRS 10 “Consolidated Financial Statements”, and, in particular, the reclassification of LAFS from subsidiary to associated company.
For the 9th year in a row, Petrolina supported the Environment and Recycling Festival, which is organised by Green Dot Cyprus. The Festival aims to raise awareness on environmental and recycling matters. The Cypriot petroleum company has been participating in the Festival as a Main Sponsor for many years, upholding its original commitment in 2011 to support and promote the event.
The relocation of the Petrolina installations to the new terminal at Vassiliko is within the planned time schedules.
Today, representatives of the media were able to witness one of the largest investments ever undertaken by a Cypriot company, during their guided tour at the new fuel terminal at Vassiliko.
New promotion at Petrolina, Agip and Eni service stations
Petrolina’s new promotion offers the opportunity to all its customers to get one or more RoyalVKB healthy to go products with a discount of up to 83% over recommended retail price.