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OMV Petrom posts 2020 net profit of 1.29bn lei, down 64%

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Last year, the OMV recorded a net profit of 1.29 billion lei, down 64% from the previous year, according to the company's financial report, sent to AGERPRES on Thursday.

Sales revenues totaled 19.71 billion lei, down 23%.

The rapid measures and the integrated business model have partially counterbalanced the challenging environment, the company's representatives note.

The operating result excluding special items, a key-indicator for the oil sector, was 2.3 billion lei, 50% lower.

Investments reached 3.2 billion lei, down 24%.

At the same time, the…

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