February 27, 2014 / 11:16 AM / 4 years ago

REFILE-Western Refining posts loss due to high-cost crude

Feb 27 (Reuters) - Western Refining Inc reported a fourth-quarter loss as the cost of the crude oil it processes rose from the year-earlier period when they posted a profit.

The U.S. refiner reported a net loss of $7.3 million, or 9 cents per share, in the quarter ended Dec. 31, compared with a net income of $207.6 million, or $1.92 per share, a year earlier.

Cost of products sold soared 60 percent to $2.73 billion in the quarter.

Net sales rose about 34 percent to $3.02 billion.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below