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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.