Petrom posts RON 4.824 billion in 2013 net profit, up 22 pct over 2012

Petrom Group ended last year on RON 4.824 billion in net profit (about 1.091 billion euros), up 22 per cent over 2012, when the net profit was worth RON 3.946 billion, according to preliminary consolidated results of the Petrom Group published on Wednesday.

In the fourth quarter of the year 2012, the oil company’s net profit reached RON 1.158 billion, up 10 per cent over the net profit recorded in the same interval of the previous year, of RON 1.055 billion.

OMV, one of the largest public companies in Austria, holds 51.01 per cent of the OMV Petrom shares.

The Romanian Government, through the Ministry of Economy, holds 20.63 per cent in OMV Petrom, Fondul Proprietatea Fund holds 18.99 per cent and other shareholders 9.35 per cent.

Petrom is the largest Romanian oil and gas company, operating in exploitation, production, refining and petrochemical industry, marketing, natural gas and energy.

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