Analysts also forecast a positive input of the refining and fuel distribution. Compared with the same period in 2014, Petrom’s profit is seen down 40% (after nonrecurring charges) on oil price decreasing by around 44%.
“We expect Petrom’s profit to set between RON400 and RON500 million, based on the average price for fuel and the size of the expenses decrease,“ according to Marius Pandele, analyst with Prime Transaction.
On August 12, OMV and Petrom will publish the quarterly financial results. Petrom’s shares decreased 4.4% on the Bucharest stock Exchange since early 2015.
(English version by Manuela Panescu)