US EditionProfit slump revealed at Jim Ratcliffe-backed Petroineos
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Profit slump revealed at Jim Ratcliffe-backed Petroineos
Profitp at Petroineos slumped in the months leading up the closure of its Grangemouth refinery, heavily delayed accounts have revealed, as the energy trading company wrestled with economic uncertainty, supply chain shocks and a shift away from fossil fuels. The Jersey-based business, which is backed by billionaire Manchester United owner Sir Jim Ratcliffe, posted a pre-tax profit of $82m (£62m) for 2023, a drop of 39 per cent on the previous yea…
·London, United Kingdom
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