OREANDA-NEWS. In 2012 Parallel, the leading petroleum products retailer in Ukraine's east, increased its net profit by 48% to USD 7.4 million year on year. The company's assets grew by 10%, sales revenues rose by 26%, net profit went up by 48% to USD 7.4 million, EBITDA increased by 8.9%, and fuel sales grew by 16% against 2011.

Last year Parallel built six new filling stations and redesigned 32 filling stations of jobber companies operating under TM Parallel. In addition, Parallel's chain had a fuel mix optimisation. In 2012, the company invested UAH 40 million in business development.

In 2013 Parallel will focus on strengthening its brand positioning in Ukraine's east and continue to develop its filling stations by turning them into a one-stop spot with a wide gamut of services needed by a car driver.

"We will actively develop the accompanying services on the site of our filling stations – fast food outlets, vehicle health checks, and new car wash points. As before, our strategic priority will include improving the quality of products and services at our filling stations, developing our jobber programme and opening new filling stations under TM Parallel", noted the CEO of Parallel Yelena Khiliyenko.

Today Parallel chain consists of 117 filling stations with 36 being company's jobbers operating under TM Parallel on contractual terms.

Parallel also operates under TM Gefest in Zaporozhye Oblast and Crimea (2 filling stations) and PitStop in Donetsk (1 station). Another 12 filling stations sell the fuel of Parallel across their network.

Parallel-branded stations work in Donetsk, Lugansk, Dnepropetrovsk and Zaporozhye Oblasts.

In October 2012, Parallel joined Ukrainian car importers and dealers association.

The share capital of Parallel-M LTD is controlled by Parallel Nafta LTD, a subsidiary of the SCM Group. SCM is wholly owned by businessman Rinat Akhmetov.