The figure is less than half from last year, when the company posted a preliminary net profit of RON27.6 million.
Rompetrol Well Services estimates its revenues will decline 10.3% on the year to RON103 million in 2014, while costs are expected to rise 6.5% to around RON88 million, according to the company’s revenue and expenditure budget for this year.
The well services company has scheduled total investments worth some $2.4 million in 2014, slightly down from $2.7 million in the previous year.
The 2014 revenue and expenditure budget will be discussed at a shareholder meeting due April 28.
Also at that meeting, the company’s shareholders are expected to vote on the dividend proposal for 2013. Rompetrol Well Services recommended paying out a total dividend of RON8.3 million from last year’s profit, 3.4% higher on the year.
Rompetrol Well Services is 71.7%-onwed by the Rompetrol Group.
Friday, Rompetrol Well Services’ shares closed flat at RON0.486 in Bucharest, valuing the company at RON135.2 million. (EUR1=RON4.4553)