The company’s turnover rose 4.4% to RON348.89 million, due to higher local transport price for crude oil starting the second half of 2012 and due to the increase of the quantities of crude oil transported.
The company is 58.72% owned by the Economy Ministry. Investment fund Fondul Proprietatea (FP.RO) holds a 29.7% stake.
Conpet’s main clients are OMV Petrom (SNP.RO) and Petrotel Lukoil, according to the previous report of the company.
The company last traded in Bucharest at a price of RON45 a share. (EUR1=RON4.4723)