Greka, which was spun out of China’s Green Dragon Gas and listed on London’s Alternative Investment Market in March 2011, paid off a $12.5 million working capital facility in full from its former parent company and ended 2012 with no affiliate debt.
“Today is the second anniversary of the company becoming an independent operating entity and the merits of the successful demerger are further demonstrated by our performance this year,” Greka chairman Randeep Grewal said in a statement on Tuesday.
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