Its turnover dropped 11% in the first half of the year, to RON68 million.
Oil Terminal’s total revenues decreased 11%, while expenses grew 7% in the first half.
The company reported an EBIDTA of RON4.9 million, down 44% on the year.
The company expects exploitation revenues of RON162 million for the full year and a net profit of RON4.2 million, 19% lower than in 2017.
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. Since the beginning of 2018, Oil Terminal share prices grew 6.21%.