Bigger sales deliver increased profit for Puma Energy
Energy giant Puma Energy has announced a 16% gross profit increase from $325 in 2014 to $375 million for this year's second quarter.
According to the company, headquartered in Singapore and operating in 45 different countries, the positive results are linked to a growth in sales volume, as they report an EBITDA of $174 million – a 16% increase.
“I am pleased to report that Q2 2015 was yet another improved period for Puma Energy, spurred by the integration of our acquisitions over the last 12 months in PNG, Southern Africa and the bitumen business, as well as organic growth in the Americas and Africa regions”, said Puma Energy CFO Denis Chazarain.
“The US$500m capital increase from our long-term shareholders demonstrates a continued confidence in our business model, investment plan and strategic development,” he added.
Puma Energy, a subsidiary of Trafigura Beheer BV, operates more than 2,212 gas stations, most of them own-branded. Some these sites also include Super7 Express convenience stores.
