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Romania's Rompetrol Rafinare 9-mo Net Loss Widens - Table

Nov 13, 2008, 6:54:15 PMArticle by Nikolay Yotov
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November 13 (SeeNews) - Romania's Rompetrol Rafinare, the refining unit of Romania's second-largest oil group Rompetrol, reported on Thursday a tripling of its net loss to 207.8 million lei ($68.5 million/54.55 million euro) through September, compared to a loss of 62.8 million lei a year earlier.

Romania's Rompetrol Rafinare 9-mo Net Loss Widens - Table

Rompetrol Rafinare’s shares, part of the blue-chip index BET index of the Bucharest Stock Exchange (BVB), lost 6.38% to close at 0.022 lei on Thursday. The results were released after the end of trading.

Following is data from Rompetrol Rafinare's nine-month income statement, filed with the BVB (in millions of lei):

9-mo'08 9-mo'07
NET LOSS -207.78 -62.8
NET TURNOVER 6,863 3,82
TOTAL REVENUE 7,397 4,236
TOTAL COSTS 7,605 4,30


The company has said it expects to end this year with a loss of $8.7 million (6.9 million euro), considerably lower than the loss of 314.3 million lei it recorded in 2007. It expects a net turnover of $3.2 billion for this year. It had a net turnover of 5.4 billion lei for 2007.

($ = 0.7974 euro)

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