OREANDA-NEWS. November 16, 2012. Net profit of Parallel, a large market operator of Ukraine's east, amounts to UAH 41.8m in the first three quarters of 2012. Net revenue of the oil trader rose 27% over the same period year-on-year to make UAH 2.79bn, and EBITDA grew 2.2 times to UAH 65.9m.

The company’s senior management believes that positive financial performance is a result of systematic implementation of the development strategy, in particular, successful rolling out of the corporate standards at filling stations of jobber companies.

"We managed to strengthen our leadership positions in Donetsk and Lugansk regions due to the jobber programme in the first place. Today Parallel's standards are in place at 115 filling stations. The rebranding affected not only the exterior of the stations but also quality control and customer service philosophy," commented Director of Parallel Yelena Khiliyenko.

Also, the company notes that during a year they have been working hard to improve their business efficiency by optimising business processes and costs, training staff and improving the operations with key suppliers and customers.