Oil Terminal recorded a net profit of 36.233 million RON in the first half of this year, 42.7% higher than in the similar period of 2023, according to financial data submitted on Monday to the Bucharest Stock Exchange.

The company’s gross profit for the period amounted to 41.419 million RON (+41.8%). Turnover increased by 36.1% to 231.01 million RON, while total revenues rose by 34.8% to 232,548 million RON. Expenses totaled 191.13 million RON (up 33.4%),

As of June 30, 2024, Oil Terminal had total assets of 843.052 million RON and liabilities of 244.015 million RON.

„Compared to December 31, 2023, in the first 6 months of 2024, total assets increased by 1.2%, mainly due to the investment targets put into operation during this period, and
shareholders’ equity increased by 4.7%, mainly as a result of the net profit amounting to 36.2 million RON, 2.5 times higher than in the reference period,” reads the report sent to BVB.

Oil Terminal, with 125 years in the industry, occupies a strategic position in the Black Sea area, being the largest oil terminal operator of petroleum products in the port of Constanta, whose main activity includes the provision of services related to the receipt, loading, unloading of oil, petroleum products, petrochemicals, liquid chemicals and other finished products or raw materials.

The company has been listed on the Bucharest Stock Exchange since February 1998, and the main shareholder is the Romanian state, through the Ministry of Energy, with 87.7579% of the shares.

AGERPRES