{"id":2569,"date":"2024-11-14T08:02:32","date_gmt":"2024-11-14T08:02:32","guid":{"rendered":"https:\/\/ofero.news\/?p=2569"},"modified":"2024-11-14T08:02:32","modified_gmt":"2024-11-14T08:02:32","slug":"romanias-oil-terminal-reports-91-stronger-profit-in-jan-sep-driven-by-robust-revenues","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=2569","title":{"rendered":"Romania&#8217;s Oil Terminal reports 91% stronger profit in Jan-Sep driven by robust revenues"},"content":{"rendered":"<p>Romania&#8217;s state-controlled Oil Terminal (BVB: OIL), managed by the Ministry of Energy, reported a net profit of RON 45.26 mln (EUR 9.05 mln), a 91% increase year-on-year, for the first nine months of 2024, according to revised financial results published on the Bucharest Stock Exchange.\u00a0<\/p>\n<p>Total revenues rose by 35% y\/y to RON 354 mln (EUR 70.8 mln), while expenses increased by 28% to RON 301 mln (EUR 60.2 mln), reflecting the terminal&#8217;s strong financial performance and heightened operational activities, <a href=\"https:\/\/economedia.ro\/oil-terminal-companie-detinuta-de-statul-roman-prin-ministerul-energiei-anunta-un-profit-net-in-crestere-cu-peste-90-dupa-primele-9-luni.html?mc_cid=c4f1f0c374&amp;mc_eid=cd1f92f96c\" target=\"_blank\">Economedia.ro<\/a> reported.<\/p>\n<p>Operating profit (EBIT) surged by 78% to RON 61.2 mln (EUR 12.2 mln), and EBITDA increased by 60.1% to RON 74.39 mln (EUR 14.9 mln).<\/p>\n<p>The turnover rose 36.5% year-on-year to reach RON 352.42 mln (EUR 70.4 mln), with productivity (measured in RON per employee) up 32.5%.<\/p>\n<p>The company, which plays a vital role in the Black Sea oil transit sector, handles oil and oil products through the Port of Constan\u021ba, a key maritime intersection for Europe, Asia, and the Near East.\u00a0<\/p>\n<p>The Romanian state, via the Ministry of Energy, holds an 87.75% stake in Oil Terminal, with the remaining shares owned by institutional (9.52%) and individual investors (2.72%).<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: Breeze393\/Dreamstime.com)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Romania&#8217;s state-controlled Oil Terminal (BVB: OIL), managed by the Ministry of Energy, reported a net profit of RON 45.26 mln (EUR 9.05 mln), a 91% increase year-on-year, for the first nine months of 2024, according to revised financial results published on the Bucharest Stock Exchange.\u00a0 Total revenues rose by 35% y\/y to RON 354 mln [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2569","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2569"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2569\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}