Conpet reports 7.3 mln lei in profit, in Q1

Conpet Ploiesti reported in the first quarter of this year a net profit of 7.307 million lei (some 1.7 million euros), 21 percent lower than in the similar period of last year, according to data remitted to Rasdaq.

Over Jan. – March 2009, the company’s financial position was affected by the reduction of the transported crude oil, gasoline and ethane quantities by 849,000 tons, leading to a loss of 12.953 million lei.

With an existence of more than a century under various names and organizational forms, Conpet SA operates the National System of Crude Oil, Gasoline and Liquid Ethane Transport through Pipelines, continuing its activity as the leading crude oil transporter in Romania.

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