Rompetrol reports double turnover

Newsroom 11/09/2007 | 16:22

“For the current year, we estimate a turnover above the EUR 5.32 billion threshold for the entire group, owed only to member companies' organic growth and our operations. In 2006 we added one more subsidiary, in Ukraine, on the Rompetrol Group map of operations, and this year we'll continue to expand business by consolidating our operations on markets we are already in and entries on new markets,” said Dinu Patriciu, the group's president.
Rompetrol Rafinare reported for Q4 2006 a consolidated turnover that reached almost EUR 548 million, representing an increase of 51 percent compared to the similar period of 2005. For the last quarter of 2006, the consolidated operational profit registered a significant increase, EBITDA reaching almost EUR 23 million, compared to EUR 5.3 million during the last quarter of 2005. Rompetrol Rafinare last year achieved record feedstock processing levels, reaching an employed capacity of 3.7 million tons compared to the 3.26 million tons in 2005. This high volume was possible thanks to considerable investments made over the preceding years, translating into a constant flow of 10,500 tons of crude refined per day from April to December, the highest ever level since establishment of the refinery in 1975.
The company significantly boosted delivered quantities for fuel (almost entirely low sulfur/high quality products), while distribution also registered a significant rise due to the expansion of the filling stations network.
As a result of the above processes, Rompetrol Rafinare's consolidated turnover went up by 23 percent to EUR 2.02 billion. Operational results (EBITDA) reached EUR 95 million, decreasing in comparison to the EUR 120 million figure in 2005.

Andreea Marinas

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