Fuel Retailer Petrol Ofisi Reports $218Mn Profits For 2003
Turkeys leading petroleum products retailer, Petrol Ofisi, reported a net profit of $218mn for 2003 on 11 March. The 104% increase in profits over the previous year is attributed to the companys increased share in distribution throughout the domestic market. A statement issued by Petrol Ofisi said that debts at the end of February amounted to $793mn compared with $1.3bn at the end of 2002. Some $156mn...