Alliance Oil Financial Results and Outlook August 2011
Dear Shareholders, During the second quarter of 2011, the market conditions for crude oil further improved. In turn, the oil products market faced higher costs and new fiscal initiatives. The price of Urals increased by more than 12% quarter-on-quarter. The Russian Ruble strengthened against the US Dollar. Demand for oil …
Alliance Oil Company announces proposed rouble bond offering
OJSC “Alliance” Oil Company, a subsidiary of Alliance Oil Company Ltd has announced a MRUB 5,000 bond offering. The proposed bond offering will be subject to market conditions. The Company targets an interest rate of 9.5-10.0 per cent per annum for a 10-year tenor with a 5-year put option. The Company has mandated Raiffeisen Bank …
Summary from Alliance Oil Company’s AGM
Alliance Oil Company Ltd’s shareholders gathered in Stockholm today for the Annual General Meeting (AGM). The AGM adopted the income statements and balance sheets for the company and the group. The AGM resolved to re-elect board members Mr Fred Boling, Mr. Arsen Idrisov, Mr. Raymond Liefooghe, Mr Claes Levin, Mr …
Alliance Oil Interim report for the quarter ended 31 March 2011
Total revenue increased to MUSD 678.7 (Q1 2010: MUSD 501.1). EBITDA increased to MUSD 156.3 (Q1 2010: MUSD 100.7). Profit before tax increased to MUSD 113.1 (Q1 2010: MUSD 58.8). Net profit increased to MUSD 90.0 (Q1 2010: MUSD 45.5). Basic and diluted earnings per share increased to USD 0.51 …