Circle K profits fall 42% as drop in petrol price results in revenues declining to €1.25bn

Circle K directors say 'lower selling prices for fuel and petroleum products reflected the decline in commodity market prices and resulted in revenue that was lower than in the prior year'. File picture: Colin Keegan/ Collins

Pre-tax profits at Circle K Ireland Energy last year almost halved, to €6.9m.

New accounts for Circle K Energy Ireland Ltd show pre-tax profits reduced by 46% as revenues declined by 27%, from €1.72bn to €1.25bn, in the 12 months to the end of April last.