Petrom's profit to jump 62 pc in 2008, according to Raiffeisen analysts

After last year Petrom's net profit posted a marked decline of 20 percent, for this year Austrian Raiffeisen Centrobank analysts estimate a jump of 62 percent and for the following year - a drop of 14 percent.Analysts think that both fuel demand on the domestic market and the oil's price are to continue to play to Petrom's advantage in the near future. But the company will not be able to take full advantage of these favorable circumstances due to the negative impact of the exchange rate, ...

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