The company’s total assets stood at RON555.8 million at the end of March 2020, almost similar to the level recorded at the end of 2019, and its total debts reached RON107.5 million, down nearly 2% on the year.
Oil Terminal Constanta has recently submitted to shareholders’ approval the contracting of a long-term loan worth RON31.2 million, VAT included, in order to finance the investment “Modernization of shoretank T31S- South SP.”
Shareholders are also expected to approve the extension of a credit line of RON10 million for 12 more months and maintaining the guarantee structure both for the credit line and for the new loan.
The company, with a market capitalization of RON121.7 million, is 59.6% owned by the Romanian State, through the Ministry of Economy, Energy and Business Environment, and 16.7% held by Sebastian Valentin Dumitrescu.
Its shares have decreased by 20.2% since the start of 2020, amid deals worth RON2.6 million.