Energopetrol in the red

Energy equipment supplier Energopetrol Campina SA ended the first quarter of 2004 with losses worth 1.7bn ROL (42,000 euros), as compared to the 109m ROL (2,900 euros) profit posted in the corresponding period of last year. In the first three months of the year, Energopetrol logged turnover worth 29.8bn ROL (741,000 euros), down 43% in ROL as compared to the results posted in the year-ago period. Energopetrol has faced a steep turnover decline in the past few years, mainly because of smaller orders from Romania’s largest company SNP Petrom. ZF