EnglishOil Terminal posted a net profit of 360,404 lei last year, 6.2 times smaller than at the end of 2010. Revenues of Oil Terminal amounted to 119.469 million lei (down 11.6% compared to 2010) and expenses amounted to 117.802 million lei (down 10.37%). The company's turnover rose to 115.774 million lei (+13%). On December 31st, 2011, the company owed 30.394 million lei and receivables of 13.745 million lei. The majority shareholder of the company is the Ministry of the Economy which owns 59.62%. The Proprietatea Fund owns 10%, and other shareholders own 30.37%.
Profit of Oil Terminal fell over six times
. (Translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 16 februarie 2012
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