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Saras SpA (SRS.MI)

SRS.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Saras Q1 comparable EBITDA at EUR 125.6 mln
Tuesday, 16 May 2017 06:59am EDT 

May 16 (Reuters) - SARAS SPA ::Q1 COMPARABLE EBITDA EUR 125.6 MILLION VERSUS EUR 107 MILLION AVERAGE CONSENSUS PROVIDED BY COMPANY.Q1 REVENUE EUR 1.90 BILLION VERSUS EUR 1.31 BILLION YEAR AGO.Q1 ADJUSTED NET INCOME EUR 46.6 MILLION VERSUS EUR 30 MILLION AVERAGE CONSENSUS PROVIDED BY COMPANY.  Full Article

Saras to pay off remaining Iran oil debt by start of summer
Monday, 27 Feb 2017 10:10am EST 

Saras managing director Dario Scaffardi says: refiner paid three-quarters of oil debt to Iran last year . plans to pay off rest by beginning of summer Further company coverage: [SRS.MI] (Reporting by Milan newsroom).  Full Article

Saras Q4 comparable EBITDA rises to 147.8 mln euros
Monday, 27 Feb 2017 07:02am EST 

Saras SpA : Q4 comparable EBITDA 147.8 million euros ($156.42 million) (FY 2015: 130.0 million euros) versus 142 million euros of average consensus provided by company . Q4 adjusted net income 52.8 million euros (FY 2015: 29.5 million euros) versus 53 million euros of average consensus provided by the company . Q4 revenue 2.12 billion euros versus 1.57 billion euros a year ago . Proposes dividend of 0.1 euro per share . Contribution from the development initiatives to EBITDA expected to grow from 15 million euros in 2017 to 65 million euros in 2020 .During the business plan 2017-2020, it is forecasted to make about 650 million euros of "committed" investments.  Full Article

Saras shuts down catalytic reforming unit of Sarroch refinery for about 15 days
Tuesday, 6 Dec 2016 10:30am EST 

Saras SpA : On Dec. 5, due to failure, it has become necessary to shutdown one of the two catalytic reforming units of the Sarroch refinery .Shutdown is expected to last about 15 days, with an estimated economic impact of about 25 million euros ($26.85 million).  Full Article

Saras Q2 adjusted net profit falls to EUR 50.0 mln
Monday, 1 Aug 2016 08:00am EDT 

Saras SpA : Q2 comparable EBITDA falls 47 percent year on year to 134.2 million euros ($149.75 million) versus an average consensus provided by company of 134 million euros . Q2 adjusted net income falls 62 percent 50.0 million euros versus average consensus provided by company of 47 million euros .Says is confident to achieve in the second semester of 2016 some performance improvements versus the business plan.  Full Article

Saras Q1 net profit falls to 40.2 mln euros, but beats estimates
Friday, 13 May 2016 08:07am EDT 

Saras says: Q1 comparable EBITDA falls 14 percent year-on-year to 124.2 million euros versus Reuters Smartestimate of 107 million euros . Q1 adjusted net profit falls 26 percent year-on-year to 40.2 million euros versus Reuters Smartestimate of 29.6 million euros . Shares in the refinery accelerate gains, up more than 3 percent after result Further company coverage: [SRS.MI] (Reporting by Milan newsroom).  Full Article

Saras SpA Proposes FY 2015 dividend
Sunday, 13 Mar 2016 08:00pm EDT 

Saras SpA:To pay dividend of 0.17 euros per share.  Full Article

NK Rosneft' OAO to sell 9 pct stake in Saras SpA-Reuters
Monday, 19 Oct 2015 11:22am EDT 

NK Rosneft' OAO:Russia's top oil company Rosneft said it plans to sell a 9 percent stake in Italian refiner Saras SpA-Reuters.Rosneft will retain a 12 percent stake after the sale through an accelerated bookbuilding, it said in a statement.  Full Article

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