Expenses decreased by 35% in the quarter, to RON73.3 million from RON113.9 million in the same period of last year. Sales stood at RON72 million, down 35% from the RON110.8 million posted in January-March 2011.
Laird Resources, registered in the British Virgin Islands, holds 76.7% of the Petrolexportimport’s shares.
On Tuesday on the Bucharest Stock Exchange, the company closed up 4.6% at RON18 per share. (EUR1=RON4.4411).