The company also registered losses of RON3.75 million, versus RON29.6 million in 2015.
Operating income totaled RON31.1 million, down versus RON50.1 million a year before, while operating expenses – RON36.8 million.
“The operational activity of the company was affected by the global economic climate in the oil and gas industry, the determining factor being the drastic decrease in crude oil prices. The effects of the oil price decline – the postponement of major projects for exploration and production of hydrocarbons, conventional or unconventional, investment cut, the severe diminishing in demand for well services – were fully felt in the markets where the company is active. The collapse of the oil barrel price has generated domino effects, the main petroleum operators significantly reducing operational and investment budgets,” the company said in a statement to Bucharest Stock Exchange.