Romania, Constanta port – Oil Terminal recorded a net profit in the amount of 2.37 million euros in 2022, SEE Energy News
The company which operates the oil terminal in Constanta port – Oil Terminal recorded a net profit in the amount of 2.37 million euros in 2022, which is more than double compared to a net profit of 1.17 million euros recorded in the previous year.
The company’s total revenues increased by 44.3 % on the year, reaching 62.8 million euros in 2022, while expenses rose by 43.3 % to 60 million euros. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 7.4 % to 7.16 million euros.
The company’s total assets reached 135.2 million euros, up 12 % on the year, while its total debts rose by 51 % to 39.5 million euros in 2022.
Oil Terminal has a storage capacity of about 1.5 million cubic meters and is the largest operator at sea in the port of Constanta, specialized in the handling of crude oil, petroleum products, liquid petrochemicals and other finished products or liquid raw materials for import, export and transit.
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