Alliance Oil Company Ltd announce Interim report for the quarter and nine months ended 30 September 2013

Alliance Oil Company Ltd announce Interim report for the quarter and nine months ended 30 September 2013

Quarter ended 30 September 2013
• Revenue of MUSD 1,013.7, up 13% from Q2 2013.
• Profit before tax of MUSD 91.1, up 54% from Q2 2013.
• Profit for the period of MUSD 61.7, up 54% from Q2 2013.
• EBITDA of MUSD 175.1, up 1% from Q2 2013.

Nine months ended 30 September 2013
• Revenue of MUSD 2,795.4, up 10% from 9m 2012.
• Profit before tax of MUSD 214.1, down 43% from 9m 2012.
• Profit for the period of MUSD 145.8, down 50% from 9m 2012.
• EBITDA of MUSD 499.1, down 12% from 9m 2012.
• Transactions completed to form joint venture with Repsol.
• Launch of gas production in Tomsk region and Khanty-Mansiysk region.
• Eurobond offering of MUSD 500 completed in May 2013.
• Preference shares issue raised MUSD 100 in June 2013.

Subsequent events
• Alliance Group’s potential acquisition of Alliance Oil Company by way of amalgamation.
• Tender offer for convertible bonds of MUSD 265.

Source: www.allianceoilco.com

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