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U.S. oil refiner HollyFrontier's profit surges in 3rd quarter
November 1, 2017 / 10:42 AM / 20 days ago

U.S. oil refiner HollyFrontier's profit surges in 3rd quarter

Nov 1 (Reuters) - HollyFrontier Corp’s profit more than tripled in the third quarter, making it the latest oil refiner to benefit from high refining margins in the aftermath of hurricanes that swept through the U.S. Southeast and Midwest.

The company said on Wednesday net profit attributable to shareholders rose to $272 million or $1.53 per share in the quarter ended Sept. 30, from $74.5 million or 42 cents per share a year earlier.

Sales and other revenue climbed to $3.72 billion from $2.85 billion. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Sai Sachin Ravikumar)

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