In the first six months of 2013, the company reported a loss of $78.43 million.
Rompetrol Rafinare’s consolidated gross turnover rose 41% to $2.78 billion, reflecting higher sales volumes and increased oil prices in international markets, the company said in its financial report.
The company reported earnings before interest taxes depreciation and amortization, or EBITDA, of $25.48 million in the first half, versus a negative EBITDA of $8.21 million a year earlier.
Rompetrol Rafinare processed over 2.4 million tons of raw materials in the January-June period, 46% higher on the year.
Rompetrol’s IFRS results are unaudited and include the results of Rompetrol Rafinare S.A. and those of its subsidiaries, Rompetrol Petrochemicals, Rompetrol Quality Control, Rom Oil S.A., Rompetrol Downstream, Rompetrol Logistics and Rompetrol Gas.
Rompetrol Rafinare is 43.47%-owned by Dutch-headquartered KMG International, a unit of Kazakhstan’s KazMunayGas. Romania’s Economy Ministry holds a 44.69% stake in Rompetrol Rafinare.
On the Bucharest bourse Wednesday, Rompetrol Rafinare closed flat at RON0.0444 a share.