The company’s net profit rose to RON490,566 last year, from zero profit in 2013, according to preliminary results. In 2013, the profit was revised downward from RON191,000 initially estimated.
Oil Terminal registered a profit before tax of RON2.21 million last year, up 24.7% from RON1.77 million in 2013.
The company is 59.6% owned by the Economy Ministry, while investment fund Fondul Proprietatea holds 8.45%.
Oil Terminal’s shares traded at RON0.0905 in Bucharest Monday, valuing the company at RON52.7 million. (EUR1=RON4.4407)