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Romania's Oil Transporter Conpet 9-Mo Net Profit Quadruples - Table

Nov 13, 2008, 2:44:50 PMArticle by Kristina Belkina
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November 13 (SeeNews) - Conpet, the state-owned operator of Romania's crude and oil products pipelines, reported on Thursday a nine-month net profit of 97.4 million lei ($31.5 million/25.4 million euro), up from 22.2 million lei a year earlier.

Romania's Oil Transporter Conpet 9-Mo Net Profit Quadruples - Table

Conpet shares gained 24.78% to 28.7 lei at 0909 GMT on Thursday on the over-the-counter market RASDAQ.

Following are figures from the company's income statement, sent to RASDAQ (in millions of lei):

9-mo'08 9-mo'07
NET PROFIT 97.4 22.2
GROSS PROFIT 115.5 26.7
NET TURNOVER 238.6 198.7
TOTAL REVENUE 351.3 221.4
TOTAL COSTS 235.8 194.7

Conpet (www.conpet.ro) is the sole oil pipeline operator in Romania. It operates a pipeline network of more than 4,000 kilometres.

(1 euro =3.8419 Romanian lei)

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