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Western Refining quarterly profit falls on lower sales
November 3, 2015 / 11:27 AM / 2 years ago

Western Refining quarterly profit falls on lower sales

Nov 3 (Reuters) - U.S. refiner Western Refining Inc’s quarterly profit fell 18 percent as higher margins failed to offset lower sales.

Net income attributable to Western Refining fell to $153.3 million, or $1.61 per share, in the third quarter ended Sept. 30, from $186.7 million, or $1.84 per share, a year earlier.

Revenue fell nearly 37 percent to $2.57 billion. (Reporting by Manish Parashar in Bengaluru; Editing by Maju Samuel)

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