Astra Romana Refinery, further losses envisaged

The shareholders of Astra Romana Refinery have approved the 2014 incomes/expenditures budget, estimating losses of 8.6 million RON, a report sent to the Bucharest Stock Exchange reveals. Estimated incomes amount to 896,400 RON, down from 3.03 million RON in 2013. Last year the company registered losses of 3.55 million RON with a turnover of 2.78 million RON.

The technological flow currently includes two main technologic lines. The first one is processing domestic and imported crude oil with lower sulphur (max 0.5 percent) for producing fuel. The second one is processing domestic naphthenic crude oil for producing oils.

Kreyton Limited is the main shareholder of the company with 48 percent of the shares, followed by Kalatse Investments Developments – 41.66 percent. Other shareholders control 10.33 percent.

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June 2017