Its net profit dropped 20%, to RON59 million.
It said exploitation revenue grew 1.8%, to RON418.44 million, as revenues from transport increased 2.2%.
Exploitation expenses grew 7.8% on the year in 2018, mainly due to wage raises as of January 2018.
Conpet’s exploitation profit in 2018 stood at RON64.83 million, down 22% compared with 2017.
Conpet is 58.71% owned by the Romanian state and has a stock market value of RON692 million.