November 14 (SeeNews) - Majority state-owned Romanian company Oil Terminal on Wednesday reported a nine-month net profit of 7.30 million lei ($3.105 million/2.115 million euro), up from 636,500 lei profit a year earlier as costs fell sharply.
Company officials were not immediately available to comment.
Oil Terminal stock closed at 0.8650 lei on the Bucharest Stock Exchange (BVB) on Wednesday, up 6.13%. The nine-month results were released after the end of the trading session.
Following are figures from the company's income statement (in millions of lei):
|
|
9-mo'07 |
9-mo'06 |
| NET PROFIT |
7.30 |
0.636 |
| GROSS PROFIT |
8.737 |
1.006 |
| NET TURNOVER |
87.56 |
91.30 |
| TOTAL REVENUE |
91.97 |
91.99 |
| TOTAL COSTS |
83.23 |
90.93 |
Oil Terminal (www.oil-terminal.com), based in the Black Sea port of Constanta, southeastern Romania, deals in the storage, conditioning and shipping of crude oil, fuel oil and other liquid fuels.
(1 euro = 3.4519 Romanian lei)