Petrolexportimport results beat expectations

Petroleum products trader Petrolexportimport SA Bucharest has achieved better nine-month results than forecast in its S&R budget for the entire year. This was made possible by an increase in both the volume and value of operations. The company made a 1,514bn ROL (37 million euros) turnover, up around 50% in ROL and 32% in euros. “Petrolexportimport budgeted for a 1,400bn ROL full-year turnover and 18.1bn ROL net profits. These results were exceeded. Our new full-year turnover target is something in the region of 1,600bn ROL,” company representatives said. The company’s nine-month profits were 28.7bn ROL (705,000 euros), down from the 33.4bn ROL (908,000 euros) in the same period last.Petrolexportimport once held a monopoly over the export of petroleum products but in recent years has switched to domestic trade and no longer has any import-export operations. ZF