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Romania's Oil Terminal reports 91% stronger profit in Jan-Sep driven by robust revenues

November 14, 2024

Romania's state-controlled Oil Terminal (BVB: OIL), managed by the Ministry of Energy, reported a net profit of RON 45.26 mln (EUR 9.05 mln), a 91% increase year-on-year, for the first nine months of 2024, according to revised financial results published on the Bucharest Stock Exchange. 

Total revenues rose by 35% y/y to RON 354 mln (EUR 70.8 mln), while expenses increased by 28% to RON 301 mln (EUR 60.2 mln), reflecting the terminal's strong financial performance and heightened operational...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/oil-terminal-profit-january-sept-2024
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