Oil Terminal triples profit

H1 profit posted by harbour operator Oil Terminal Constanta was three times higher than the initial estimates, going up to 1.4 million euros (57 billion ROL), whereas the company’s revenues reached 12.8 million euros (523 billion ROL), compared to the anticipated level of 11 million euros (445 billion euros). Total expenses logged a slower growth pace, eight percent, amounting to 11.5 million euros (466 billion ROL), down from the forecast level of 10.5 million euros. The company’s net turnover for the first six months of the year was 33 million euros. Three clients – namely Rompetrol Rafinare, SNP Petrom-Arpechim Subsidiary and Carom Onesti, accounted for 54% of the company’s business this year. ZF