Oil Terminal net profits down 66.9 pct to RON 5 mln in 2017

Oil transport company Oil Terminal recorded a net profit of RON 5.09 million in 2017, down 66.9 percent year-on-year, according to the preliminary financial data published by the Bucharest Stock Exchange (BVB).

On investments, the company said that its investment objectives stood at RON 28.973 million, up 22.9 percent compared to the planned level of RON 23.569 million.

The revenues from provided services fell 2.3 percent to RON 155 million due to the reduction by 4.6 percent of the transported capacity.

The turnover of the company lost 1.6 percent to RON 158 million.

The main shareholder of Oil Terminal is the Ministry of Energy, which owns a 59.62 percent stake.

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On Tuesday lunch trading on the BVB, one share of Oil Terminal was down 4.5 percent to RON 0.1720.