Oil Terminal reported a net profit of 480,000 lei (EUR108,000) in the first three months of 2014, versus a loss of RON2 million in the year-ago period.
First quarter sales rose to RON27 million, from RON23.3 million a year earlier, the company said in its financial report.
The company is 59.6% owned by the Economy Ministry, while investment fund Fondul Proprietatea holds 8.45%.
At around 2:30 pm, Oil Terminal’s shares traded down 2.66% at RON0.1061 in Bucharest, amid a declining market. (EUR1=RON4.4415)