Conpet Estimates Gross Profit of 10.6 Mln RON for 2007

F.A.
Ziarul BURSA #English Section / 2 februarie 2007

Conpet shareholders have recently approved the income and expense budget for 2007, estimating gross profit of 10.6 million RON on total revenues of 306 million RON, according to a report to Rasdaq. In a recent general meeting, shareholders in the company have approved budget ajustments for 2006. The evaluation for 2006 indicates a gross profit of 10 million RON on total revenues of 291 million RON.

Conpet Ploiesti operates in the transport of domestic and imported oil and oil products (gasoline, liquid and condensed ethane). Also, the company handles petroleum transit on the Danube for foreign partners. Conpet has a share capital of 28.56 million RON and the majority shareholders in the company are the Authority for State Assets Recovery (62.72%) and Proprietatea Fund (16.06%).

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