The company reported a profit of RON351,000, 3.2 times lower than in 2012, when its profit stood at RON1.14 million, Petrolexportimport said in its preliminary earnings report sent to the Bucharest Stock Exchange Monday.
Petrolexportimport was founded in 1948 and was Romania’s main oil trader during the communist period.
Th company is 76.6% controlled by Laird Resources, registered in the British Virgin Islands.