Rompetrol Rafinare, turnover on the increase
Rompetrol Rafinare, KMG International member company, has registered a gross turnover of approximately USD 5.6 billion in 2014, i.e. 15% more than in 2013 (USD 4.8 billion), a preliminary company reports reads. Influenced by the record breaking volumes of processed feedstock at Petromidia refinery – over 5 million tones, the operational profit (EBITDA) tripled from USD 29 million, the value reached in 2013, to USD 86 million in 2014. At the same time, the consolidated net result was 40% better in 2014, reaching the negative value of -USD 58 million. In the last quarter of 2014, the company’s results have been influenced by the exchange rate evolution (RON/USD), crude depreciation compared to final products quotations, also by the stocks of raw materials in the last part of 2014. Rompetrol Rafinare exports reached over USD 2 billion in 2014, placing the company on the first place in top of the country’s largest petroleum products exporters and on the second place at national level.