In the first six months of 2011, the company reported sales of RON56.3 million.
Oil Terminal said its first-half profit fell four-fold to RON0.22 million, from RON0.93 million in the year-ago months.
The company posted losses of RON1.1 million in the first quarter because of the weak demand and decided to cut working hours to four days a week with a view to reduce costs.
Oil Terminal reported total revenue of RON54.5 million in the first half, down 6.1% on the year, while overall costs declined 4.7% to RON53.8 million.
The company is 59.6% owned by the Economy Ministry, while investment fund Fondul Proprietatea holds 8.45%.
On the Bucharest bourse Thursday, Oil Terminal closed flat at RON0.16 a share. (EUR1=RON4.5362)