Conpet profit rises almost three times, in H1

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Conpet Co. in Ploiesti, southern Romania, operating for more than 100 years, posted in H1 a net profit worth 33.165 million lei, 2.7% more than in the same period last year, according to data sent to secondary market Rasdaq.
The revenues of the company totaled 194.452 million lei, 51.877 million lei more than last year, and the expenses stood at 155.429 million lei, 27.592 million lei more than in the first six months in 2007.
 
The revenues from exploitation rose by 49.726 million lei, reaching 187.733 million lei, they were influenced by the increase in the revenues from transport, with the refineries having made available for Conpet, for transport, 628,000 tonnes more than January through June 2007.
The financial revenues registered a 2.151 million lei increase, standing at 6.718 million lei, with the rise due to the interests to the banking deposits made.
 
Expenses from exploitation rose by 26.55 million lei, to 152.51 million lei, in consequence of the increased volume of transport services.
Investment in H1 stood at 19.654 million lei, 17.542 million lei of them for the public property, and 2.112 million lei for the operator.
The shareholders of the company are the Privatization Authority – 58.7162%, Property Fund – 20.0568%, Financial Investment Company Muntenia – 8.9208%, other shareholders, natural and legal persons – 12.3062%.
The shares have been traded on Rasdaq market since Aug. 24, 2004.
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