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Romanian Oil Industry Equipment Maker Energopetrol 9-mo Net Profit Sinks 91% - Table

Nov 14, 2008, 6:10:34 PMArticle by Kristina Belkina
share
November 14 (SeeNews) - Energopetrol, a Romanian producer of equipment for the oil industry, on Friday reported a nine-month net profit of 14,791 lei ($4,900/3,900 euro), compared to a 157,000 lei net profit lei a year earlier.

Romanian Oil Industry Equipment Maker Energopetrol 9-mo Net Profit Sinks 91% - Table

Energopetrol said in April it expects its gross profit to rise by 50% to 450,000 lei this year.

Its shares were last traded at 1.66 lei, down 5.14% on the Bucharest Stock Exchange, BVB, on Tuesday.

Following are figures from Energopetrol's statement filed with the BVB after the end of trading (in millions of lei):

9-mo'08 9-mo'07
NET PROFIT 0.015 0.157
GROSS PROFIT 0.025 0.157
NET TURNOVER 12.9 14.35
TOTAL REVENUE 13.57 14.59
TOTAL COSTS 13.55 14.43

Energopetrol (www.energo.ro) is based in Campina, in southern Romania.

(1 euro =3.8064 Romanian lei)

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