Rompetrol Rafinare wants to halve loss this year in Romania
Rompetrol Group, owned by KazMunaiGaz, posted a net profit of USD 900,000 in the first quarter of the year, after posting losses in the last three years. Its turnover during this period reached USD 2 billion, up 29 percent. Its operational profit (EBITDA) was of USD 47.5 million, compared to a loss of USD 7.5 million during the first quarter of 2010.
Rompetrol Rafinare, the refinery subsidiary posted a loss of USD 11.3 million, compared to a loss of USD 57.3 million in the first quarter of 2010. Its turnover went up to USD 1 billion, compared to USD 841 million in the first three months of last year.
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