Petrom increases net profit 4.6 times in H1

Oil Group Petrom ended the first half of the year in a net profit of 1.526 billion lei (around 360 million euros), i.e. 4.6 times higher on the same period in the prior year, according to figures supplied by the company.Petrom's sales went up by 14 percent in the six months of 2010 from Jan.-June 2009 to 8.343 billion lei (nearly 2 billion euros).'We continued to get very good results in the second quarter of 2010, in spite of the deteriorating demand on the market thanks to the financial ...

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