In 2010, the company posted a turnover of $3.554 billion and a loss of $199.2 million.
The earnings before interest, tax, depreciation and amortization (EBITDA) rose 8% last year, to $6.3 million, from $5.9 million.
In the final quarter of 2011, the company saw a 22% increase in turnover, to $1,016 billion. In the same timeframe, the company’s loss more than doubled to $139.2 million, from $59.5 million.
The company posted negative EBITDA of $36.2 million in the final quarter of 2011, compared to a profit of $12.6 million in the same interval of 2010.
“Amongst external factors that have significantly impacted the 2011 results there is the dynamics of crude (+40%) and petroleum products (+34% for gasoline and +40% for gasoil) quotations, negative refining margin (-46 $/ton in the fourth quarter, -4.40 $/ton in 2011), cost of working capital insurance and of corresponding financing, as well as fluctuations of exchange rate,” the company noted in a statement.
The consolidated financial results of Rompetrol Rafinare include the results of Rompetrol Rafinare S.A. (the Petromidia and Vega refineries) and those of subsidiaries Rompetrol Petrochemicals, Rompetrol Quality Control, Rom Oil, Rompetrol Downstream and Rompetrol Logistics, along with subsidiary Rompetrol Gas.
Exports unfolded last year by Rompetrol Rafinare increased by more than 53% on the year, to $1.5 billion.