TIDM93TH
Alliance Oil Company announces consolidated IFRS results for the
Second Quarter and First Half 2015
September 29, 2015
Alliance Oil Company (hereinafter-"the Company") published its
condensed consolidated interim financial statements as of and for
the six months ended June 30, 2015 prepared in accordance with
International Financial Reporting Standards ("IFRS"), on its
website www.allianceoilco.com today. The financial data, except for
the financial statements, are based on management assessment only
and have not been reviewed by external auditors.
In particular, the Company reports the following Second Quarter
2015 and First Half 2015 Results:
Financial results
-- 1H 2015 Revenue of MUSD 1,118 (1H 2014: MUSD 1,747)
2Q 2015 Revenue of MUSD 621 (2Q2014: MUSD 886)
-- 1H 2015 EBITDA of MUSD 150 (1H 2014: MUSD 296)
2Q 2015 EBITDA of MUSD 65 (2Q 2014: MUSD 150)
-- 1H 2015 Loss of MUSD 16 (1H 2014 Profit: MUSD 34)
2Q 2015 Profit of MUSD 7 (2Q 2014: MUSD 58)
-- Certain credit facilities were successfully extended
Operational Results
-- 9.8 mboe produced in 1H 2015 (1H 2014: 10.3 mboe)
5.0 mboe produced in 2Q 2015 (2Q 2014: 5.3 mboe)
-- 15.4 mbbl of oil refined in 1H 2015 (1H 2014: 15.4 mbbl)
7.5 mbbl of oil refined in 2Q 2015 (2Q 2014: 7.4 mbbl)
Overall, the Company delivered modest results both operationally
and financially for the second quarter and six months 2015. The
Company's performance continues to heavily depend on the
challenging macroeconomic factors.
On September 29, 2015 Alliance Oil Company's representatives
will discuss its financial results for the six months ended June
30, 2015 during the conference call scheduled for 17.00 Moscow time
(15.00 - London, 10.00 - New York).
To participate in the conference call, please dial one of the
following numbers*:
For the call in English, please use Call ID "Alliance Oil
English" (Presentation and Q&A session in English)
For the call in Russian, please use Call ID "Alliance Oil
Russian"
(Simultaneous translation into Russian, no questions
allowed)
Live Call Access Numbers For Participants
Country Access Number
UK - Toll Free +44 (0) 808 162 4061
USA and Canada - Toll Free +1 855 481 5362
Russia - Moscow +7 499 299 1360
France - Toll Free +33 (0) 800 902 688
Germany - Toll Free +49 (0) 800 181 6340
Switzerland - Toll Free +41 (0) 800 561 750
The Netherlands - Toll Free +31 (0) 800 022 0648
Other Countries - International +44 808 162 4061
Playback Access Numbers - Playback Code 39191#
Country Access Number
Other Countries - International +44 808 234 6771
UK - Toll Free +44 (0) 808 234 6771
USA and Canada - Toll Free +1 855 481 5363
* Alliance Oil Company assumes no responsibility for the
inaccessibility of the toll free numbers listed above.
DISCLAIMER
This press release includes "forward-looking statements" which
involve uncertainties and risks. Forward-looking statements include
statements concerning AOC plans, objectives, goals, strategies,
future events, future revenues, future results and performance,
expectations, plans or intentions relating to acquisitions and
other matters, business trends and other information that is not
historical, including statements regarding estimates of AOC growth
targets or other future financial results. When used in this press
release, words such as "anticipates," "aspirational," "estimates,"
"expects," "goals," "intends," "believes," "forecasts," "targets,"
"objectives" and variations of such words or similar expressions
are intended to identify forward-looking statements. All
forward-looking statements, including, without limitation,
estimates of AOC future financial results, are based upon our
expectations at the time we make them and various assumptions. Our
expectations, beliefs, projections and growth targets are expressed
in good faith, and we believe there is a reasonable basis for them.
However, there can be no assurance that management's expectations,
beliefs, estimates or growth targets will be achieved, and AOC's
actual results may differ materially from our expectations,
beliefs, estimates and growth targets.
AOC as a group has experienced fluctuating revenues, operating
income and cash flow in prior periods and expects that this will
occur from time to time in the future. Other factors that could
cause such differences include declines in demand for, or changes
in, the mix of products that we offer, the mix of the geographic
locations where our business is located, adverse financial, real
estate or other market and general economic conditions, which could
impact each of our segments differently, the pace and timing of the
consummation and integration of past and future acquisitions, AOC's
ability to realize cost savings and efficiencies, competitive and
general economic conditions, retention of staff and clients and
other risks. AOC is under no duty to update any of the forward
looking statements to conform such statements to actual results or
events and do not intend to do so.
Alliance Oil Company Ltd is a leading independent oil and gas
company with vertically integrated operations in Russia and
Kazakhstan. Alliance Oil has substantial oil and gas reserves and
downstream operations that include the Khabarovsk refinery and the
leading network of gas stations and wholesale oil products
terminals in the Russian Far East.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20150929005885/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
September 29, 2015 06:19 ET (10:19 GMT)
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