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Oil Terminal reports net profit of five million RON in 2017

Oil transport company Oil Terminal recorded a net profit of 5.09 million RON in 2017, down 66.9 per cent year-on-year, according to the preliminary financial data published by the Bucharest Stock Exchange (BVB).

2018-02-13 14:13:03

On investments, the company said that its investment objectives stood at 28.973 million RON, up 22.9 per cent compared to the planned level of 23.569 million RON, according to Business Review.

The revenues from provided services fell 2.3 per cent to RON 155 million due to the reduction by 4.6 per cent of the transported capacity. The turnover of the company lost 1.6 per cent to 158 million RON.

The main shareholder of Oil Terminal is the Ministry of Energy, which owns a 59.62 per cent stake.
On Tuesday lunch trading on the BVB, one share of Oil Terminal was down 4.5 per cent to 0.1720 RON.



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