Petrom Wednesday said its net profit rose 72% to a record 3.76 billion lei (EUR887 million) in 2011, fueled by higher crude oil prices and lower costs.
At around 10:33 local time (GMT0833), the company’s shares were trading at RON0.394, up 1% on the day.
Meanwhile, the stock exchange’s composite index BET-C was dipping 0.02% on the day, but the main index, BET, was gaining 0.24% at around 10:45 local time.
BET-FI, the index tracking the main investment funds, was down 0.22% on the day.
The BET Extended index, or BET-XT, was up 0.01% while the index tracking energy companies, BET-NG, was falling 0.22%.
Trades unfolded on the stock exchange by 10:50 amounted to 2.19 million lei (EUR0.5 million).
Aside from Petrom, other popular stocks included Fondul Proprietatea (FP.RO), SIF Banat-Crisana (SIF1.RO), SIF Transilvania (SIF3.RO) and BVB (BVB.RO). (EUR1=RON4.355)