Romanian state-owned port operator Oil Terminal posted in the first quarter of the year a net profit of EUR 1.4 million, which was 13 times higher year-on-year. The revenues increased by over a quarter, to EUR 7.7 million.

The contract with oil company Rompetrol Rafinare, which stood for 16.1% in Oil Terminal’s turnover – up from 3.3% the year before, brought the increase in revenues.

Another big contract was with Hungarian oil group MOL, which brought 8% of the company’s revenues, up from 3.1% in the first quarter of 2014.

editor@romania-insider.com