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Biggest profit in Petrom's history: 520m euros
24.02.2011, 00:09 | Business | 932 views
The biggest company in Romania posted a 2.5 times higher net profit in the second year of recession than in 2009, thanks to fuel becoming more expensive, although fuel demand fell 5%. OMV Petrom (SNP), the only local producer of oil and gas controlled by Austrian petroleum group OMV, reported 18.6 billion lei (4.4 billion euros) in sales last year, up 16% against 2009, with the biggest leap being recorded by the company's net profit, which reached around 2.2 billion lei (521 million euros), 163% more than in the previous year. Read more on ZF.ro
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