Romania Oil Companies Post Higher Earnings for Q1
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Monday, 19 May 2008 |
The main petrol retail players in Romania have all posted higher earnings in the first quarter.
The large petrol station chains posted record profits last year, with
most petroleum companies managing to double their earnings in petrol
retail.
OMV Romania, a company acquired by Petrom in 2006, saw a net profit
worth €16.3 million last year, up 2.3 times against €6.7 million in
2006, and a turnover worth €500 million, 10% more than in 2006.
MOL Romania, the local branch of the Hungarian group MOL, posted net
profit worth over €12 million, more than double the 2006 results.
Agip Romania made a €2.05 million profit, more than triple the €0.6 million profit in 2006.
Rompetrol's retail division ended last year with a net profit of €6 million.
PetrolWorld 160508
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