





Petrom profits dropped by 48% in the first quarter of 2009
In the first three months of 2008, Petrom registered a profit after tax of 977.03 million lei. The company registered 3.04 billion lei in the first quarter of 2009, a 18.3% decrease compared to the similar period, last year.
Petrom General Executive Director Mariana Gheorghe declared that the unfavorable oil price evolution and the economic crisis were the main consequences of the significant decrease in profits. Last month Petrom estimated a 33% decrease compared to last year to reach 11.1 billion lei.