The company said total revenue grew 0.6%, to RON447 million, while expenses grew 1.4%, to RON386 million.
Operating revenue grew 1%, to RON447.61 million, in line with the company’s projections.
Operating expenses grew 1.3%, to RON385.9 million, mainly due to higher costs for railway transport and staff spending.
It said operating profit stood at RON61.72 million, 0.7% lower than in 2019.
Conpet Ploiesti has a stock market capitalization of RON770 million and is 58.7% owned by the Romanian state.