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profit doubled for Saras

First half of 2022 that smiles on Sara’s dell’ex patron dell’Inter, Massimo Moratti. Thanks to the increase in the prices of petroleum products recorded in recent months, the company of the former number one of the Nerazzurri has seen a substantial increase in revenues. An increase of almost 59% compared to the first half of 2021, which had recorded 3.7 billion in profits, compared to the 7.7 recorded in the first half of this year “with a gross operating margin of 688.5 million ( compared to 108.7 million). Reported net profit amounted to 292.5 million euros compared to 0.5 million in the first half of last year “as stated on Football and Finance.

“The second quarter was characterized by extreme market conditions which also showed in all their gravity the importance of traditional energies and the need for diversification of sources. Saras, thanks to its business model, strategic position and versatility of its plants, has been able to meet the demands of the market, maximizing processing to meet the growing demand. The financial results have been very satisfying, in fact they have allowed us in just one quarter to rediscover the historic ability of our business to generate cash, eliminating the financial position inherited from the covid period. Although the prospects for the second half are now characterized by strong uncertainty, in the medium term we see positive fundamentals in the refining sector, to which we want to contribute with our continuous commitment to guarantee safety energetic “commented Moratti.

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