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Petrom Group posts three-quarter profit of RON 3.67 bln, up 27 pct y-o-y

Petrom Group ended the first three quarters of this year with a net profit of RON 3.666 billion (831.6 million euros), up 27 percent y-o-y, shows data released by the company this Thursday.

Earnings before interest and taxes (EBIT) amounted to RON 4.556 billion, 14 pct higher than the figure reported at the end of September 2012 .

Group sales in the period of reference (excise duties on oil products excluded) totaled RON 18.150 billion, 5 percent lower compared to the period January - September 2012.

Investments by OMV Petrom in the first nine months of 2013 dropped 1 percent from RON 3.5 bln to RON 3.487 billion.

Petrom is the largest oil and gas group in Southeastern Europe, with activities in the Exploration and Production, Gas and Power, Refining and Marketing sectors. Austrian group OMV is Petrom majority shareholder with a stake of 51.01 percent.