Petromidia losses increased more than fourfold in 2007

The Petromidia refinery, Rompetrol Group’s most important asset, posted losses of over RON 219.57 million ($90.05 mln) last year, while turnover reached RON 5.549 billion ($2.22 bln), according to data sent to the Bucharest Stock Exchange.According to International Financial Reporting Standards (IFRS), Rompetrol Rafinare posted $3.2 billion in turnover last year, 24 percent higher year-on-year, while operational profit (EBITDA) increased 16 percent, to $141 mln.Financial results were ...

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