Oil Terminal, net profit of over RON 7 M in Q1

Oil Terminal, the company that operates the oil terminal in Constanta, registered in the first three months of this year a net profit of RON 7.091 M, up by 8.5 percent compared to the same period last year (RON 6.532 M), according to the financial information remitted to the Bucharest Stock Exchange on Monday.

In Q1 of 2016, the turnover grew by RON 2.894 M year-on-year to RON 37.355 M.

Operating revenues totalled RON 37.091 M, while operating expenditures totalled RON 27.979 M, Agerpres informs.

On March 31, Oil Terminal had total debts of RON 54.544 M, of which RON 17.533 M were current liabilities.

Conpet Ploiesti links Oil Terminal to Romanian refineries. The oil terminal has access to railways, roads and the Danube – Black Sea Canal.

Its main competitors on the domestic market are: the terminal operated by Rompetrol Rafinare in the port of Midia, the Unicom-Oil Terminal in Galati, Frial SA Constanta and Minmetal Constanta. Externally, its main competitors are the terminal of the port of Omisalje in Croatia, which has fully taken over the transit of oil toward Serbia, and the Reni Terminal in Ukraine.

Oil Terminal is listed on the Bucharest Stock Exchange’s Category I. The Economy Ministry owns 59.62 percent of the company’s shares, the rest of the shares being owned by physical and juridical persons.

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