Oil Terminal ends H1 with losses of EUR 1.462 M


Oil Terminal, the company that operates the oil terminal in Constanta, recorded in H1 2014 losses of 1.462 million lei, three times lower compared to those reported on June 30, 2013, of 4.461 million lei, according to the financial information sent on Thursday to the Bucharest Stock Exchange.

The turnover of the company rose by 4% to 50.917 million lei, whilst total revenues increased by 4.3% to 51.382 million lei. Expenditures totaled 52.4 million lei, by 3.4% lower than in the first six months of last year.

On June 30, 2014, Oil Terminal had debts to be paid in one year of 12.013 million lei and liabilities of 11.879 million lei.

Oil Terminal is listed in the first tier of the Bucharest Stock Exchange. The Ministry of Economy holds 59.62% in the company, with the remaining shares being held by individuals and companies

 

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