Report: Profit of Lukoil’s subsidiary in Finland falls 80% in 2022

HELSINKI, May 29 (PRIME) -- The profit of Finnish company Oy Teboil Ab, a subsidiary of Russian oil company Lukoil, fell about 80% to 5.45 million euros in 2022, business daily Kauppalehti reported on Monday citing a report of the company submitted to the Finnish Trade Register.

“Teboil's fuel sales decreased 20% on the year to 1.5 million tonnes last year. Teboil's operating profit fell from 25.66 million euros (in 2021) to 5.45 million euros,” the daily reported.

The subsidiary runs a chain of 432 filling stations, as well has eight oil depots and a gas storage.

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