In 2016, the company posted a net profit of RON15 million and had estimated a profit of RON3.1 million for 2017.
Oil Terminal’s EBITDA dropped 70%, to RON9.5 million, from RON32 million in 2016.
The company completed investments totaling RON28.97 million in 2017, 22.9% higher than planned.
Revenues from services totaled RON155 million in 2017 compared with RON159 million in 2016, as handled quantities dropped 4.6%.
Oil Terminal is 59.62% owned by the Romanian state through the Energy Ministry, 13.10% held by Sebastian Valentin and the remaining shares are distributed among investors on the stock market.