HollyFrontier profit doubles on higher margins

Wed Aug 5, 2015 7:37am EDT
 
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Aug 5 (Reuters) - U.S. refiner HollyFrontier Corp's quarterly profit more than doubled, helped by a rise in refining margins due to lower crude prices.

Net income attributable to the company's shareholders rose to $360.8 million, or $1.88 per share, in the second quarter ended June 30, from $176.4 million, or 89 cents per share, a year earlier.

Sales and other revenue declined about 31 percent to $3.70 billion. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Don Sebastian)