Romanian Petrom 1H Net Profit At RON923M, Down 45% On Year

Romania’s largest oil company Petrom (SNP.RO) Wednesday reported a net profit of 923 million lei (EUR1=RON4.1281) in the first half, down 45% compared with RON1.66 billion in the same period a year before. In the second quarter, Petrom's net profit was at RON417 million, 39% lower than in the same period a year ago. "The second quarter results reflect the lower oil prices and sales in commercial fuels and gas; net profit was supported by the positive hedging and FX results, with our ...

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