Results for January - June and Q2, 2006
- EBIT of RON 1,764 mn [EUR 498 mn] increasing from RON 860 mn [EUR 235 mn]
- EPS of RON 0.025, more than doubled against 1-6/05
- The reserve audit confirms the reserve base and provides assurance of further E&P investment activities
Petrom, the largest oil and gas producer in South Eastern Europe, announces positive results for the first half of 2006, in a favourable business environment. The company has registered a strong EBIT amounting to RON 1,764 mn [EUR 498 mn], as a result of continuing high crude prices, weaker downstream environment and growth of the product sales volumes. The turnover went up to RON 6,312 million [EUR 1,783 mn], increasing by 37% against the same period of 2005.