Oil Terminal Net Profit Grows Eight Times in 2019, to RON2.4M

The company said its operating expenses stood at RON162.1 million in 2019, up 13.3% on the year, and its EBITDA grew 33%, to RON24.7 million.

In 2020, Oil Terminal expects total revenues of RON175 million, up 3% on the year, and targets a net profit of RON3.6 million.

In summer 2019, U.S.-based investment fund Amerocap said it planned to invest up to $200 million in Oil Terminal and possibly acquire the majority stake and subsequently boosting the share capital but has taken no action so far.

Oil Terminal is 59.6% owned by the Romanian state.