Petromservice profit increases by 4 times

Revenues of petroleum services provider Petromservice climbed by 7.7% in the first half of this year, to 639.9 million RON (192.1 million euros) compared with the same time last year, and its net profit increased by almost four times, to 31.3 million RON. The company’s turnover increased 2.6% during the analysed period, to 577.1 million RON. In the first six months of last year, the company posted a 562.1 million-RON turnover. Total expenses went up 1%, from 592.6 million RON in 2006, to 598.7 million RON, according to Petromservice data. For the second half of this year, the company has budgeted revenues worth 592.9 million RON, and expenses worth 590.3 million RON. Petromservice was set up in 2002, by outsourcing some of Petrom’s services through the company’s employees.