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Oil Refineries Announces Financial Results for Third Quarter and Nine Months 2007
Date:11/20/2007

d Audited

Revenues 16,248,209 16,705,845 5,807,214 5,452,608 21,734,553

Cost of sales,

refining and

services 14,999,682 15,748,614 5,468,311 5,320,488 20,584,260

_________ _________ _________ _________ _________

Gross profit 1,248,527 957,231 338,903 132,120 1,150,293

Selling expenses 96,965 70,245 37,020 23,624 94,634

General and

administrative

expenses 215,121 167,253 64,789 52,614 222,104

_________ _________ _________ _________ _________

Operating income 936,441 719,733 237,094 55,882 833,555

Financing (income)

expenses, net 80,309 91,814 (3,266) 23,333 106,589

_________ _________ _________ _________ _________

856,132 627,919 240,360 32,549 726,966

Privatization

Grant (118,529) - - - -

_________ _________ _________ _________ _________

Income before

taxes on income 737,603 627,919 240,360 32,549 726,966

Taxes on income 204,202 180,564 64,220 8,491 221,539

_________ _________ _________ _________ _________

533,401 447,355 176,140 24,058 505,427

Company's share

in income (losses)

of affiliated

companies 22,165 21,501 2,002 (129) 32,570

_________ _________ _________ _________ _________

Net income for the

period 555,566 468,856 1 78,142 23,929 537,997

_________ _________ _________ _________ _________

_________ _________ _________ _________ ____
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SOURCE Oil Refineries Ltd
Copyright©2007 PR Newswire.
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