OMV Petrom Revenue Up 12% To RON6B, Net Profit Down 43% To RON653M In 1Q/2020 Due To Lower Prices, COVID-19 Crisis

04.29.2020 By Ecaterina Craciun

Oil and gas company OMV Petrom (SNP.RO) on Wednesday said it ended the first quarter of 2020 with revenue of RON6 billion, up 12% on the year, and a net profit of RON653 million, down 43% on the year, as the company’s results were impacted by lower oil prices and the start of the crisis caused by the COVID-19 crisis.

To read the full story, please login. Not a member? Subscribe here.

Reveal Romania! Business news & views.
Find out all you need by reading the entire story
To invest in Romania, you need to find out about its opportunities.
To close a strategic partnership with a Romanian company, you need to learn about its market position and whether it is a trustworthy partner
To grow here, you need to be informed

Subscribe now
Only 50 euros/month (VAT not included)
Get access to reports, news and statistics in the main sectors of Romania’s economy. Follow the strategic moves of companies operating in Romania. We will keep you updated on the latest business events.
Contact: E: newsroom@zfenglish.com (newsroom), marketing@zfenglish.com (Marketing & PR), sales@zfenglish.com (subscriptions)
T: 0040-318.256.431 (Newsroom)
0040-318.256.158, 0040-318.256.408 (Subscriptions Department)
0040-318.256.469, 0040-318.256.470 (Advertising Sales Department)
0040-318.256.427, 0040-318.256.129 (Marketing & PR)

LOGIN / Lost password?

Keywords:: OMV Petrom; , results

Comment

Username:
Password: