US refiner HollyFrontier posts smaller loss as costs fall

Reuters
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Feb 24 (Reuters) - U.S. refiner HollyFrontier Corp reported a smaller quarterly loss as costs fell due to a slump in crude prices.

The net loss attributable to the company's shareholders fell to $43.9 million, or 24 cents per share, in the fourth quarter ended Dec. 31 from $222 million, or $1.13 per share, a year earlier.

The year-earlier quarter included a charge of $244 million related to the value of the refiner's inventory.

Sales and other revenue fell 31 percent to $2.94 billion.

(Reporting by Anet Josline Pinto in Bengaluru; Editing by Anil D'Silva)

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