Sales volumes and gross profits have both increased for Puma Energy as it reports on its first quarter financial results for 2015.
The midstream and downstream energy company reports that its sales volumes increased by 31% to 4,270 million m3 compared to 3,270 million m3 in the same period the previous year.
Organic growth and acquisitions helped increases gross profit by 14% compared to the first quarter in 2014.
The company says that the results prove the ‘robustness’ of their business model despite the volatility of oil prices.
CFO Denis Chazarain says: ‘Puma Energy has delivered consistently year on year. I am satisfied with our performance, our recent acquisitions in the UK, Puerto Rico and in Australia and look forward to our large projects coming online to help drive our strategy forward throughout the year.’
The company has 85 bulk liquid storage terminals at sites across the globe.