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HollyFrontier profit falls 31 pct on lower refining margins
August 6, 2014 / 11:11 AM / 3 years ago

HollyFrontier profit falls 31 pct on lower refining margins

Aug 6 (Reuters) - HollyFrontier Corp reported a 31 percent fall quarterly profit, hurt by lower refining margins.

Net income attributable to the company’s shareholders fell to $176.4 million, or 89 cents per share, in the second quarter ended June 30 from $256.9 million, or $1.27 per share, a year earlier.

HollyFrontier’s refinery gross margins fell 28 percent to $14.54 per produced barrel. (Reporting by Swetha Gopinath in Bangalore; Editing by Kirti Pandey)

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