The company has completed the fiscal year with profit for the first time since the opening of the first gas filling station in Romania in 2011.
"The trade turnover of SOCAR Petroleum SA stood at 616.2 million Romanian leus ($154.8 million) in 2015, or 17 percent less than in 2014," said Romanian media. "However, the company managed to get 2 million Romanian leus of profit."
The decrease in the company`s trade turnover is due to the lower oil prices, while the profit was gained as a result of the growth of profitability in the distribution segment, according to Romanian media.
SOCAR
06 June 2016
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The profit of SOCAR Petroleum SA, the subsidiary of Azerbaijan`s state oil company SOCAR in Romania, stood at 2 million Romanian leus ($502,420) in 2015, Romanian media reported citing the country`s Ministry of Public Finance.
