In January through March 2012, Oil Terminal reported a loss of RON1.1 million.
Oil Terminal said total sales fell 5.7% on the year to RON23.6 million in the first quarter.
Revenues were down 6.5% to RON23.78 million, while costs slid 2.6% to RON25.8 million, according to the company’s quarterly report.
The company is 59.6% owned by the Economy Ministry, while investment fund Fondul Proprietatea holds 8.45%.
At around 11:00 am Friday, Oil Terminal’s shares traded down 0.08% at RON0.1318 in Bucharest. (EUR1=RON4.3249)