In the first six months of 2010, the company reported net profit of RON2.7 million.

Oil Terminal said total sales fell 7.7% on the year to RON56.3 million in January to June.

Revenues were down 6% to RON58.1 million in the first half, while costs slid 3% to RON56.5 million.

The company is 59.6% owned by the Economy Ministry, while investment fund Fondul Proprietatea holds 8.45%.

At 11:45, Oil Terminal’s shares traded down 0.52% at RON0.19 in Bucharest. (EUR1=RON4.2855)