Tristar Group posts strong Q1 result
Energy and logistics company announces 9.3 per cent rise in profits year-on-year
Tristar Group, the global integrated energy logistics company, announced its management results for the first quarter ended March 31, 2021.
The Group’s performance in the three months this year showed solid progress compared to the period in 2020.
The Group’s consolidated revenue continued to demonstrate resilience while Ebitda and net profit both reported an increase year-on-year by 9.9 per cent and 9.3 per cent respectively and were above management budget driven by positive performance across all four segments.
Eugene Mayne, Group CEO of Tristar said: “Our business has achieved considerable success over the last 23 years and will continue to deliver growth and returns going forward. We have a strong pipeline of growth opportunities which will deliver visible Ebitda growth going forward.
“The Group’s consolidated revenue continued to demonstrate resilience whilst Ebitda and net profit both reported an increase year-on-year. We pride ourselves on our long-standing relationships
and repeat business with our global blue-chip clients, both of which have been key enablers to the company’s continued success.”