Introduction

Crude oil refining has been historically Saras’ core business, but over the years the Company developed into a Group whose activities now include power generation, marketing of oil products (wholesale) and industrial services.

EBITDA by business segment

¹ Calculated evaluating inventories at LIFO and deducting no recurring items
² Joint Venture Consolidated under the equity method (Saras share 70%). From 1st July 2008 fully owned

Last Update: 08/09/2009