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Evening Standard
Evening Standard
Business
Simon Hunt

EG Group sales slide as billionaire Issa brothers work to slash debt

EG Group Group Zuber Issa

Second-quarter sales slid at forecourt and retail business EG Group as the billionaire Issa brothers worked to slash the company’s debt.

Revenues for the three months to the end of June fell 18% to $7.3 billion, while pre-tax earnings fell 4% to $335 million, which the firm put down to “the impact of oil inventory revaluations, driven by oil price volatility.”

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