(DOMESTIC MARKET) Robin Oil posted a significant profit growth:
- Increase in net profit: Robin Oil increased its net profit to 443 million, a year-on-year increase of 360 million.
- Decline in sales: Sales revenue declined by C$982 million, totaling C$4.32 billion.
- State Acquisitions: Robin Oil was acquired by state-owned company Cepro earlier this year.
- Annual report: Figures are from the company's annual report.
The drop in sales is quite significant, but profits are up, so management is working as it should :) I don't know what prices they had during the year, if it wasn't that.