Daily News for Energy & Environment

Romania: Conpet Ploiesti posted increased net profit for 2016

Romanian state-controlled oil pipe operator Conpet Ploiesti posted a net profit of EUR 14.2 million last year, up almost 2% compared to the previous year.

The turnover slightly dropped to EUR 84.5 million, according to preliminary data sent to the Bucharest Stock Exchange (BVB).

The company carried out investments of EUR 12.6 million last year. The total volume of transported products increased by 1.3% from 6.99 million tons in 2015 to 7.07 million tons in 2016.

The carrier’s total debts reached EUR 15.7 million at the end of last year, slightly up compared to the same period in 2015 when the debts stood at EUR 15.5 million.




Source: BVB data review.