Petrol Ofisi 2008 3rd Quarter Financial Results Has Been Announced

Petrol Ofisi, leader of Turkish fuel distribution and lubricants sector has kept growing during the 3rd quarter of the year 2008 and gained strength with products of high quality and high levels of customer satisfaction.

Considering 2008 3rd quarter financial statements prepared in accordance with international financial reporting standards, net sales of the company increased by 35% to TRY 13.390 million (USD 10,984 billion); and earnings before interest, tax and depreciation increased by 37% to TRY 669 million (USD 549 million) when compared to the same period of 2007.

Net profit of Petrol Ofisi was TRY 249 million during the first nine months. 

In the 3rd quarter of 2008, Petrol Ofisi has increased its sales volume by 37% when compared to the same period of the previous year and has continued to improve its operational profitability, which is fueled by new products and implementations.

Petrol Ofisi CEO, Melih Turker has commented on the financial results of the 3rd quarter as follows:

“While aiming to better understand customer demands and to develop its products and services accordingly, Petrol Ofisi maintains its leading position by means of consistent improvements in the quality of services provided to customers through the station network covering the entirety of the country and by providing services for all segments” and he added: Net income and sales volume we obtained during the first nine months of the year 2008, is the result of our efforts towards customer satisfaction and our success gained in the right projects and cooperation.” 

Now Positive Card reaches 1,300,000 members 

Positive Card which has been brought in use by Petrol Ofisi in approximately 2000 stations with the goal of making life easier for PO customers has received great demand. Positive Card holders buying fuel or PO Gas from PO station can make payment from the car and win various prizes with bonuses they collected by the help of this system that reached 1,300,000 members since the beginning of the year. 

Petrol Ofisi A.Ş.
Key Operational Indicators According to IFRS Financial Statements 

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